IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 20-01-2026 CORAM THE HONOURABLE MR JUSTICE N. ANAND VENKATESH ARB APPLN NO. 1 OF 2026 M/s.Cholamandalam Investment and Finance Co Ltd., ‘Chola Crest’, C 54 and 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai 600 032 Rep. By its Authorised Signatory Applicant(s)

Vs

1. Ajeet Kumar Netam

2.Baijuram Netam

3.Punjab National Bank Jai Stambh Chouck Narayanpur Dist- Narayanpur Chhattisgarh 494661 Respondent(s)

PRAYER Petition filed under Section 9 of the Arbitrtion and Conciliation Act, 1996, praying to pass an order directing the granishee to debit freeze the bank account bearing Account No.6695001500013790, IFSC Code No.PUNB0669500 maintained by the 1st respondent with the garnishee to the extent of a sum of Rs.24,67,833/- and further to direct the Garnishee to deposit the sum of Rs.24,67,833/- or any amount lying in the bank account to the credit of this application.

For Respondent(s): Mr.D.Pradeep Kumar For Respondent(s): No Appearance

ORDER

This application has been filed under Section 9 of the Arbitration and Conciliation Act (for the sake of brevity, hereinafter referred to as 'the Act') for a direction to the garnishee viz., t