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IN THE HIGH COURT OF JUDICATURE AT MADRAS
N.ANAND VENKATESH, J
Axis Bank Ltd. – Appellant
Versus
K.Venkatesulu – Respondent
| Table of Content |
|---|
| 1. application for repossession of vehicle due to loan default. (Para 1 , 2 , 3) |
| 2. procedures and responsibilities for recovery and arbitration. (Para 4) |
ORDER
This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 for appointment of an Advocate Commissioner for seizing the equipment in the custody of the respondent, if necessary, with police protection and by breaking open the premises.
2. When this application came up for hearing on 19.08.2025, this Court passed the following order:-
“This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 , seeking for appointment of an Advocate Commissioner to repossess the vehicle morefully described in the schedule to the Judges Summons.
2. The applicant is a scheduled bank and they have lent money to the respondent for the purpose of purchasing a vehicle under the loan agreement dated 11.04.2019. The respondent has committed default in the repayment of the loan as per the terms and conditions of the loan agreement. The applicant has also recalled the loan through its notice dated 13.06.2025. As seen from the statement of account dated 07.07.2025 filed
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