Authority: High Court of Judicature at Madras
Order Date: 14 October 2026
Case Overview
- Applicant: M/s. Cholamandalam Investment and Finance Company Limited, represented by authorised signatory.
- Respondent: Ramdayal Gawde.
- Arbitration award (Arb.Appln.No.2601 of 2026) was passed on 23 February 2026, decreeing a sum of Rs.6,52,822 plus further interest in favour of the applicant.
- The respondent’s vehicle was seized and sold, but the proceeds realised covered only a part of the decree amount, leaving a balance outstanding.
- The applicant warned that the respondent was attempting to alienate property listed in the schedule to the Judge’s summons, which could jeopardise recovery of the remaining dues.
Final Outcome
- The Court issued a notice to the respondent, returnable by 12 November 2026, and permitted the notice to be private.
- The respondent is directed to furnish security for the outstanding amount on or before 12 November 2026.
- The matter is listed for hearing on 12 November 2026.
Topics: Arbitration Enforcement, Security Order