Madras High Court
ARB APPLN/1554/2026 of CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD Vs SAI MARINE SERVICES PROP MR NILESH PATIL on 26 October 2026
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 26-10-2026
CORAM
THE HON'BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY
Arb Appln No. 1554 of 2026
M/s.Cholamandalam Investment And Finance Company Ltd Chola crest, C54-55 super B-4, Thiru-vi-ka Industrial Estate, Guindy, Chennai-600032
..Petitioner
Vs
1. Sai Marine Services Prop Mr Nilesh Patil S/o.Bama,
2. M/s.Sarveshwar Logistics Services Pvt Ltd Rep by its Authorised Officer Sarveshwar CFS, Dighode Circle, Village Dighode, Taluka Uran, District Raigad Navi Mumbai, Maharashtra 400702
..Respondent
Prayer: Application filed under Order XIV Rule 8 of Original Side Rules r/w.
Sec 9(1)(ii)(c) & (e) of the Arbitration and Conciliation Act, 1996 to pass an order of Prohibitory Attachment against the Garnishee/Respondent, restraining and prohibiting the Garnishee from releasing, paying, transferring, remitting or otherwise dealing with any monies presently due and payable or which may become due, to the respondent or to the respondents men, agents, representatives or anyone claiming on respondent behalf from receiving any such amount up to a maximum sum of Rs. 24,84,633.04/- (Rupees Twenty Four Lakh Eighty Four Thousand Six Hundred ThirtyThree and Four Paise Only) or to direct the Garnishee to deposit the amounts so withheld to the credit of the present Application or order that this protection remain in force pending the disposal of the arbitral proceedings between the Applicant and the Respondents or up to the period permitted under law until enforcement of the arbitral award
( Uploaded on: 28/10/2026 04:36:53 pm )
Arb Appln No. 1554 of 2026
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D.BHARATHA CHAKRAVARTHY J.
For Petitioner:
Mr.T.Gowri Shankar
for M/s.San Law Partners LLP
For Respondents:
No appearance
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ORDER
The case of the petitioner is that the first respondent is due and liable to pay to the petitioner a sum of Rs.24,84,633.04/-. It is stated that the arbitration clause has been invoked and the arbitral proceedings are at an advanced stage. The prayer in this application is to direct the second respondent/garnishee not to release, pay, or remit any receivables due from the second respondent to the first respondent, to the extent of Rs.24,84,633.04/-. In spite of service of notice, the first respondent has chosen not to appear and oppose the prayer.
2. In view thereof, the application stands ordered as prayed for. No costs. 26-10-2026 Neutral Citation: Yes/No NSL
( Uploaded on: 28/10/2026 04:36:53 pm )