ARBP1251-10 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1251 OF 2010 Citicorp Finance (India) Ltd .. Petitioner Versus Avinash B. Raut & Anr .. Respondents Mr.Hafiz Rehman i/by D.H.Law Associates for the petitioner. CORAM : S.C.DHARMADHIKARI, J. DATE : 12th January 2011. P.C.: . None has appeared although the respondents are duly served. 2 This is a petition under section 9 of the Arbitration and Conciliation Act, 1996. This Court after hearing the petitioner’s advocate had passed ad- interim orders in terms of prayer clauses (b) and (e). 3 On a perusal of the petition and annexures thereto it is clear that there is no denial of the liability nor any dispute is raised by the respondents with ARBP1251-10 2 regard to the contents of the Arbitration Petition. They have also failed to disclose the location of the assets despite a clear direction in that behalf. 4 In such circumstances, it is just and convenient that the Court Receiver, High Court is appointed as a Receiver of the construction equipment which is more particularly described at page 54-M of the petition. 5 However, while appointing the Court Receiver and empowering him to take possession of the subject equipment it is directed that the Receiver shall appoint the respondents as his agent on such terms and conditions including payment of loyalty which shall be determined in the terms of the clauses of the agreement between the parties. The petition is, therefore, made absolute in terms of prayer clauses (d) and (e) subject to above. (S.C.DHARMADHIKARI, J)