JUDGMENT

The subject matter of challenge in all these appeals pertains to the ex-parte interim order passed by the Sole Arbitrator freezing the bank account/bank accounts linked with three PAN numbers viz., AAGCB0299M, BOUPS4015N and ASZPG3180A with immediate effect, until further orders.

2.The claimants have preferred the arbitration claim under totally 22 claims and accordingly, 22 applications were filed before the Arbitrator for recovery of a total sum of Rs.74,66,734/- with interest. The case of the claimants is that the appellants had availed the loan facility for purchase of vehicle.

3.Pending the claim, the claimants had moved an application under Section 17 of the Arbitration and Conciliation Act, 1996 for freezing of the bank accounts linked with PAN Card numbers. The Sole Arbitrator considering the facts and circumstances of the case and also considering the fact that the appellants were chronic defaulters, passed an ex-parte interim order freezing the bank accounts, until further orders. The same has been put to challenge in these appeals.

4.Heard Mr.P.Shiva, learned counsel appearing on behalf of the appellants and Mr.A.Damodaran, learned counsel appearing on behalf of the