arbp13-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.13 OF 2011 L & T Finance Limited ....Petitioner V/s. Bhagwat V. Lavhare & Anr. ....Respondents Ms.Gayatri Athare i/b India Law for the Petitioner. None for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 7TH JUNE, 2011. P.C. :- 1. This is a petition under section 9 of the Arbitration and Conciliation Act, 1996. 2. The amount of about Rs.5,00,000/- is due and payable by the respondents under a loan cum hypothecation agreement. The amount is secured by the hypothecation of a vehicle. There is no affidavit in reply. 3. In the circumstances, the petition is made absolute in terms of prayer (a) except the words bracketed in red. The Court Receiver shall appoint the respondents as his agent on usual terms and conditions including as to the security and royalty. 4. The petition is also made absolute in terms of prayer (b). 5. Till the Court Receiver takes possession, order in terms of prayer (c) except the words bracketed in red. No order as to costs.