Arb Appln No.840 of 2026 __________ Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 15-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No.840 of 2026 M/s.Cholamandalam Investment and Finance Company Limited, Chola Crest, C54-55 & Super B – 4, Thiru-vi-ka Industrial Estate, Guindy, Chennai – 600 032, Represented by its Authorised Signatory. ..Applicant(s) Vs Lakeshwar Banjare ..Respondent(s) Prayer: To appoint employee of the Applicant viz., Mr.Ashish Soni, Team Leader, as Receiver to seize and take possession of the vehicle which is morefully described in the schedule to the Judges Summons which is lying in the custody of respondent or respondent’s men, agents, servants from respondent premises or wherever found with Police aid and break open of premises if necessary. For Petitioner(s): Mr.D.Pradeep Kumar For Respondent(s): No appearance O R D E R This application has been filed to appoint the employee of the Applicant viz., Mr.Ashish Soni, Team Leader, as Receiver to seize and take possession of https://www.mhc.tn.gov.in/judis Arb Appln No.840 of 2026 __________ Page2 of 5 the vehicle which is morefully described in the schedule to the Judges Summons which is lying in the custody of respondent or respondent’s men agents, servants from respondent premises or wherever found with Police aid and break open of premises, if necessary. 2. The learned counsel appearing for the applicant would submit that the applicant had provided a loan to the respondent for the purchase of the vehicle TATA LPT 4830, bearing Engine No.B67B62300D02132L64339756, Chassis No.MAT566011P1N32691 and Registration No.CG22Z4739 and a Loan Agreement had also been entered by the respondent with the applicant on 14.02.2025. He would contend that there are some unremained installments that are to be made by the respondent and that in spite of repeated demands, the respondent had failed to regularize the default and had continued to not pay the EMIs. He would further submit that considering the facts of the case, the applicant had sought for an appointment of a Party Receiver which would be more effective. 3. In spite of the Court notice on the respondent had been returned with an endorsement of the processor, which had been verified by this Court with the help of Google Translator, wherein it is found that the notice had been served on the elderly member of the family of the respondent as evidenced therein, the respondent had neither chosen to appear before this Court in person nor is being https://www.mhc.tn.gov.in/judis Arb Appln No.840 of 2026 __________ Page3 of 5 represented by a counsel. The name of the respondent has been reflected in the cause-list. He was called absent and set ex parte. 4. I have considered the submissions made by the learned counsel for the applicant and also perused the materials placed on record. 5. This Court is of the view that the applicant has made out a prima facie case for appointment of a Party Receiver. It is to be noted that the applicant is in the process of initiating arbitration proceedings. 6. Upon considering the facts and circumstances of the case and the submissions made by the learned counsel for the applicant, this Court is satisfied with the prayer sought for in this application and in fine, Mr.Ashish Soni, Team Leader, as Party Receiver to seize and take possession of the vehicle viz., TATA LPT 4830, bearing Engine No. B67B62300D02132L64339756, Chassis No.MAT566011P1N32691 and Registration No. CG22Z4739 from the respondent or any place belonging to the respondent or wherever found and with whomsoever it is found. It is also made clear that if Police help is required, the Party Receiver shall make a request to the local Police Station within whose jurisdiction the vehicle is found and on such request being made, the Station House Officer shall send the Police Personnel along with the Party Receiver to seize the vehicle. If break open of a https://www.mhc.tn.gov.in/judis Arb Appln No.840 of 2026 __________ Page4 of 5 lock is required, the Party Receiver shall do so in the presence of the Police Personnel who will counter sign the record evidencing the break open of the lock and to re-lock the premises. If the Party Receiver finds any difficulty with the jurisdictional Police, he is at liberty to approach the jurisdictional Superintendent of Police, who shall provide all necessary assistance to him at the time of seizure of the vehicle. 7. If the respondent makes good the unpaid installments or makes substantial payments of the dues to be paid to the satisfaction of the applicant, the applicant shall return the asset in the condition it was re-possessed. It is made clear that the asset shall be maintained in good condition and be only dealt with subject to the award to be passed by the arbitrator. 8. With the above terms, this application stands disposed of. 15-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No Maya https://www.mhc.tn.gov.in/judis Arb Appln No.840 of 2026 __________ Page5 of 5 K.KUMARESH BABU, J. Maya Arb Appln No.840 of 2026 Dated : 15-07-2026 https://www.mhc.tn.gov.in/judis