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2025 Supreme(Mad) 2775

IN THE HIGH COURT OF JUDICATURE AT MADRAS
A.D.Jagadish Chandira, J
Sundaram Finance Ltd. – Appellant
Versus
K.Karthikeyan, S/o.Krishnaraj – Respondent


Advocates:
Advocate Appeared:
For the Petitioner:Mr.S.Mukunth, Senior Advocate for Mr.S.Suresh

ORDER :

A.D. Jagadish Chandira, J.

This Civil Revision Petition has been filed to partly set aside the Order dated 11.07.2023 passed in IA No.106/2023 in Arbitration No.ST/SF/018/2021 on the file of Principal District Judge, Tiruppur, in so far as directing the Petitioner to file an IA for enforcement of order under sec.17 and appointing an Advocate Commissioner to accompany and assist the Bailiff.

2.Brief facts of the case:

The petitioner/Finance Company represented by its authorised representative had entered into a loan cum hypothecation agreement with the respondents herein on 12.09.2018 who purchased a vehicle along with its accessories. The total agreement value was Rs.4,50,744/-, payable in 60 monthly installments commencing from 10.10.2018 for a sum of Rs.7,654/- per month. Since the respondents were irregular in paying of installments, the vehicle was recovered from them and sold for Rs.1,85,000/- on 31.01.2020 and in respect of the balance sum of Rs.1,50,035.10, the present arbitration proceedings was initiated against the respondents. The petitioner had moved an application under section 17 of the Arbitration and Concilliation Act seeking for a direction to the respondents t

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