: 1 : arbp-490-10=.sxw USJ IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 490 OF 2010 L & T Finance Ltd. .. Petitioners v/s. Ahmad Yunus Gaibee and Ors. .. Respondents ......... Mr. Pramod Bhosale i/by Ms. Disha Karambar for the petitioners ......... CORAM : R.Y.GANOO, J. DATE : 17th AUGUST, 2010. P.C. : 1. Heard learned Counsel for the petitioners. None for the respondents. The petitioners had granted loan and equipment more particularly described in Exh.”E” has been hypothecated to the petitioners. Respondents have failed to comply with the monetary liabilities and that is how the petition under Section 9 of the Arbitration and Conciliation Act is filed. 2. After hearing learned Counsel for the petitioners, I am inclined to observe that interest of the petitioners is required to be protected by passing an order so as to restrain respondent nos.1 and 2 from creating third party rights and / or parting with possession in regard : 2 : arbp-490-10=.sxw to the equipment mentioned in Exh.”E”. Similarly respondent nos. 1 and 2 are required to be directed to file a statement in the form of affidavit mentioning therein list of movable and immovable properties held by them as of 1st August, 2010. Hence, following order is passed to dispose of the petition. ORDER (i) Pending the hearing and final disposal of the arbitration proceedings, respondent nos.1 and 2 are restrained from creating third party rights and / or parting with possession in regard to the equipment mentioned in Exh.”E” to the petition. (ii) All the respondents are directed to file in the Court a statement in the form of affidavit mentioning therein list of movable and immovable properties held by each of the respondents as of 1st August, 2010. This statement to be filed on or before 30th September, 2010. (iii) Affidavit should be served upon petitioners within a period of one week from the time when it is filed in the Court. Petition stands disposed of. (R.Y.GANOO, J.)