Madras High Court
ARB APPLN/1735/2026 of Cholamandalam Investment And Finance Co Ltd Vs MS HARI KRAFTSS REP BY ITS PROPREITOR MR K HARI PR 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.1735 of 2026
M/s.Cholamandalam Investment and Finance Company Limited, ‘Chola Crest’, C-54 &55, Super B-4, Thiru. Vi. Ka. Industrial Estate, Guindy, Chennai 600 032.
Represented by its Authorised Signatory.
..Petitioner
Vs
M/s.Hari Kraftss
Rep. By Its Propreitor Mr.K Hari Prashanth, S/o.Kumaravel, 11/6, Municipal Colony, Veerappanchatiram Erode, Velli Street, Erode, TamilNadu 638 004.
..Respondent
Prayer: Arbitration Application filed under Order XIV Rule 8 of O.S.Rules read with Section 9(1)(ii)(b) of the Arbitration and Conciliation Act, 1996, to direct the Respondents to furnish security for the sum of Rs.6,04,466.53/- within a time fixed by this court failing which to order attachment of the immovable properties more fully described in the Schedule to the Judges Summons till enforcement of the award passed in the arbitration proceedings and a copy of the attachment order be transmitted through the DISTRICT
COURT, ERODE, and communicated to SRO PERUNTHURAI and the attachment order may be hand delivered to the applicant for transmission.
For Petitioner :
Mr.D.Pradeep Kumar
For Respondent :
No appearance
( Uploaded on: 30/10/2026 01:14:27 pm )
Arb Appln No.1735 of 2026
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D.BHARATHA CHAKRAVARTHY, J.
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ORDER
It can be seen that by the order dated 21.08.2026, the respondents were directed to furnish security to a tune of Rs.6,04,466.53 ps. Even though notice has been served, the respondent neither furnished security nor appeared before this Court and shown cause as to why they should not furnish the security. It is also seen that award has been passed.
2. In view thereof, I am of the view that the applicant has made out a case for the attachment of the property mentioned in the schedule.
3. This application is ordered as prayed for. 26-10-2026 Neutral Citation: Yes/No GRS/NM To
1. The Principal District Court, Erode.
2. The Sub-Registrar, Perunthurai.
( Uploaded on: 30/10/2026 01:14:27 pm )