1 JPP IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 110 OF 2010 L & T Finance Limited. ... Petitioners. V/s. Mr. Gitesh Trimbak Jadhav & Ors. ... Respondents. Ms. Disha Karambar for the Petitioners. None for the Respondents. CORAM : R.Y. GANOO, J. DATED : 20th APRIL 2010. P.C. :- Heard learned Advocate for the Petitioners. This Petition can be disposed of finally. 2. By order dated 2nd February 2010, Receiver was appointed. Despite this, the Petitioners have not approached the Receiver to take further steps in the matter. This shows that the Petitioners are not serious as regards getting the Receiver appointed. It was also mentioned by the learned Advocate for the Petitioners across the bar that 50% of the amount has been paid by the Respondents. In a situation like this when the learned Advocate for the Petitioners applied for 2 adjournment, I am not inclined to adjourn the same and dispose of the Petition. 3. Respondent No.1 is the owner of the vehicle described in Exhibit ‘G’ to the Petition. An order can be passed restraining Respondent No.1 from creating third party rights and parting with possession in regard to the said vehicle. If the loan cum hypothecation agreement permits, the Petitioners to take possession or to deal with the said vehicle, such an order can be passed. The Petitioner can be permitted to do so. Hence, following order is passed to dispose of this Petition :- (i) Pending the hearing and final disposal of the Arbitration proceedings, Respondent No.1 is restrained from creating third party rights or part with possession in regard to the vehicle described in Exhibit ‘G’ to the Petition. If loan cum hypothecation agreement permits, the Petitioners to take possession or to deal with the said vehicle. If the Petitioners require police help, they are free to approach the concerned Police Station and upon payment of necessary Government charges for 3 police assistance, the concerned police officer will assist the Petitioners in taking charge of the said vehicle. (ii) Petition stands disposed of with no order as to costs. (R.Y. GANOO, J.)