arbp291-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.291 OF 2011 Reliance Capital Limited ....Petitioner V/s. Narayan C. Patil & Ors. ....Respondents Mr.Rahul Mehta i/b KMC Legal Venture for the Petitioner. None for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 11TH APRIL, 2011. P.C. :- 1. This is a petition under section 9 of the Arbitration and Conciliation Act, 1996. 2. There is no affidavit of reply. The respondents are absent. Prima-facie the amounts are due and payable by the respondents to the petitioner under the loan cum hypothecation agreement entered into between the petitioner and the respondents. The loan was secured by hypothecation of the vehicle. 3. In the circumstances, the petition is made absolute in terms of prayer (a) except the words bracketed in red. 4. The Court Receiver shall appoint an agent in respect of the said vehicle. The respondents are at liberty to bid for the agency. Till the Court Receiver takes possession, order in terms of prayer (c) except the word “dealing” bracketed in red. The arbitration petition is accordingly disposed of.