( 1 ) IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION USJ ARBITRATION NO.94 OF 2009 ARBITRATION NO.94 OF 2009 ARBITRATION NO.94 OF 2009 L and T Finance Ltd. ..Petitioners V/s. Naim Noor Mohd. Sheikh S/o Noor Mohd. Babamiya Sheikh and Ors. ..Respondents ...... Ms.Shakuntala Joshi i/by S.I.Joshi & Co. for petitioners ...... CORAM : R.Y. GANOO, J. CORAM : R.Y. GANOO, J. CORAM : R.Y. GANOO, J. DATED : 1st April, 2009 DATED : 1st April, 2009 DATED : 1st April, 2009 P.C.: P.C.: P.C.: 1. Learned Counsel for the petitioners states that the petitioners have paid RTO charges and have taken vehicle from RTO and that the suit vehicle is in their possession. The RTO report mentions that ( 2 ) certain important parts of the suit vehicle are missing. Since the petitioners have received the said vehicle subject to such parts being available in the vehicle, petitioners cannot have grievance in that behalf. Counsel for the petitioners seeks permission to dispose of the vehicle by private treaty and appropriate the sale proceeds towards the loan repayment. 2. Since the vehicle is in possession of the petitioners, the petitioners can be permitted to sale the vehicle. Hence, the following order is passed. ORDER ORDER ORDER . The petitioners are permitted to sell the suit vehicle through private treaty. The Court Receiver shall allow the petitioners to sell the suit vehicle. After the transaction is finalized, the petitioners shall inform the Receiver about the amount for which the suit vehicle is being sold and the petitioners shall first pay Receiver’s charges and thereafter the Receiver shall allow petitioners to execute proper documents in favour of the party who wants to purchase the suit vehicle. ( 3 ) . After the Receiver’s charges are paid, the Receiver shall stand discharged. Whatever amounts left in the hands of petitioners should be appropriated by the petitioners towards repayment of loan. . The petitioners shall address a proper letter to the Receiver informing him about the amount which they have appropriated towards the loan repayment. A copy of which will be sent to the respondents by post under Certificate of Post. . Petition stands disposed of in the above terms with no order as to costs. Liberty to petitioners to move the Court for any clarification. (R.Y. GANOO, J.) (R.Y. GANOO, J.) (R.Y. GANOO, J.)