- 1 - 24.arbpl.567.11 skt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (LODGING) NO.567 OF 2011 L & T Finance Limited ....Petitioner V/s. Rewa Motors & Anr. ....Respondents .... Ms.Disha Karambar for the Petitioner. None for the Respondents. ..... CORAM : S.J. VAZIFDAR, J. DATE : 2ND MAY 2011. P.C. 1 This is a petition under section 9 of the Arbitration and Conciliation Act, 1996. 2 Respondent No.1 in the petition is the borrower. The other Respondent is the guarantor. The Petitioner and Respondent No.1 have entered into the loan cum hypothecation agreement. The dues thereunder were secured by the hypothecation of the vehicle referred to in the agreement. - 2 - 24.arbpl.567.11 3 The Respondents have remained absent, though served. There is no affidavit in reply. Prima-facie the amounts are due and payable and the same are secured by the hypothecation of the said vehicle. 4 In the circumstances, the above petition is disposed of by the following order :- (i) The petition is made absolute in terms of prayers (a), except the two portions bracketed in red. The petition is also made absolute in terms of prayer (c). The order shall be complied with within two weeks of being served a copy of this order in writing addressed to the Court Receiver and through the petitioner’s advocate. (ii) Till the Court Receiver takes possession, the petition is made absolute in terms of prayer (d). 5 The undertaking to file an affidavit of service within two weeks from today, if not already filed, is accepted. -