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2020 Supreme(Mad) 936

M.SUNDAR
Alchemist Asset Reconstruction Company Limited, A-270, First and Second Floor Defence Colony New Delhi – 110 024, rep. By its Resolution Manager – Appellant
Versus
VME Precast Pvt. Ltd. – Respondent


Advocates:
Advocate Appeared:
For the Applicant : Mr. K. Harishankar
For the Respondent: Mr. Jayiesh Dolia for M/s. Aiyar and Dolia, Mr.P.Giridharan

ORDER :

(Application filed under Order XIV Rule 8 of O.S.Rules read with Order I Rule 10 CPC to implead the Applicant as proposed 3rd respondent in O.P.No.891 of 2018.)

Main 'Original Petition' (hereinafter 'OP' for the sake of brevity) has been filed inter alia under Sections 47 and 59 of 'The Arbitration and Conciliation Act, 1996 (Act 26 of 1996)', which shall hereinafter be referred to as 'A and C Act' for the sake of brevity with prayers for recognition and enforcement of an award dated 16.09.2015, which is a foreign award made by Daniel Hochstrasser under the Arbitration Rules of Finland Chamber of Commerce. This 'foreign award dated 16.09.2015 made by a sole arbitrator in Finland Chamber of Commerce', shall hereinafter be referred as 'said Foreign Award' for the sake of brevity, clarity and convenience.

2. Instant OP has been filed by 'Finnish Fund for Industrial Cooperation Ltd.', which is the claimant qua said Foreign Award and this company shall hereinafter be referred to as 'FFICL' for the sake of brevity. VME Precast Pvt. Ltd., and VME Properties Pvt. Ltd., which this Court is informed are borrower and guarantor respectively qua FFICL being companies that have been arrayed

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