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2020 Supreme(Mad) 1766

N.SATHISH KUMAR
Small Industries Development Bank of India, Chennai – Appellant
Versus
Creation Investments Equitas Holdings LLC A wholly owned subsidiary of Creation Investments Social Ventures Fund II LP, United States of America – Respondent


Advocate Appeared:
For the Applicant :P.H. Arvindh Pandiyan Senior Counsel, Edward James, Advocate.
For the Respondents:P.S. Raman, Senior Counsel, Vinod Kumar for M/s. J. Sagar Associates, Advocates.

JUDGMENT :

(Prayer in O.A.No.1137 of 2019, A.No.9728 of 2019: Application filed under XIV Rule 8 of Original Side Rules, 1956 r/w. Section 9 of the Arbitration and Conciliation Act, 1996.

Prayer in A.No.1979, 1316, 1981, 1317, 1983, 1984, 1980, 9729 of 2020: Application filed under XIV Rule 8 of Original Side Rules, 1956 r/w. Section 9 (ii) (e) of the Arbitration and Conciliation Act, 1996 r/w. Section 151 of CPC.)

O.A.No.1137 of 2019 has been filed to pass an ex parte ad interim order of injunction restraining the respondents from dealing with and/or selling and/or transferring and/or disposing of and/or alienating and/or encumbering and/or creating third party interest in any manner whatsoever in respect of the shares held by the second respondent in Sonata Finance Private Limited, as detailed in the Judges Summons.

2. A.No.1979 of 2020 has been filed to dismiss the Application No.9729 of 2019 filed by the applicant with exemplary costs.

3. A.No.9728 of 2019 has been filed to direct the respondents 2 to 4 to furnish security in the form of a bank guarantee for the sum of Rs.76,77,69,577/- (Rupees Seventy six crore seventy seven lakhs sixty nine thousand five hundred seventy seven) tog

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