JUDGEMENT (ORAL)

1. The present Petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996, seeking the following reliefs:

“In the facts and circumstances mentioned herein above it is therefore most respectfully prayed that this Hon'ble court may graciously be pleased to:-

i. Appoint Sh. DUMPALA AMARNATH (Mob: 9032050678, Email: Dumpala.amarnath@elix.capital), Officer / Executive of the Petitioner Company as Receiver to take over the possession of the financed medical equipment mentioned below from the possession of the respondents, their agent, employee, guarantors, co borrowers or from anyone else who is/are in possession of the said financed machines/equipment and the receiver may be also allowed to take police assistance if necessary for the said purpose; and permit the receiver to look after the Management and up keep of the said subject property/financed machines/ medical equipment.

ii. Restrain Respondents, its heirs, agents, servants, employees, representatives etc. from disposing off, selling, alienating, dismantling or creating third party interest or from concealing the whole or any part of above referred hypothecated medical equipments.

i