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IN THE HIGH COURT OF JUDICATURE AT MADRAS
N. Anand Venkatesh, J
TVS Credit Services Limited – Appellant
Versus
M/s S.J.P Transports – Respondent
| Table of Content |
|---|
| 1. details of the arbitration application and reasons for seeking security. (Para 2 , 6 , 8) |
| 2. court's procedure and notice to the respondents. (Para 3) |
| 3. court's observations on service completion and need for security. (Para 4 , 5 , 9) |
| 4. appointment of sole arbitrator for dispute resolution. (Para 10) |
| 5. conclusion of the application and original petition without costs. (Para 11) |
COMMON ORDER
1.1. Arbitration Application No.1331 of 2025 has been filed under Section
9 of the Arbitration and Conciliation Act, 1996 for a direction to the respondents to furnish security to the tune of Rs.67,53,182/- and on failure to do so, to order attachment of the property, morefully described in the schedule to the Judges summons, as second charge.
1.2. Arb O.P.(Com.Div.)No.501 of 2025 has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 for appointment of a sole Arbitrator to adjudicate upon the differences and disputes that have arisen between the parties under the Invoice Based Financing Facility Agreement dated 23.09.2022 and the subsequent renewal dated 16.11.2023.
2. When the Arb O.P.(Com.Div.)No.501 of 2025 came up for hearing on
25.08.2025, this Court
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