36.arbp.1321.10 skt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1321 OF 2010 Cholamandalam Investment & Finance Limited (formerly known as Cholamandalam DBS Finance Ltd.) ....Petitioner V/s. Krishna Pet Pvt. Ltd. & Anr. ....Respondents ...... Ms.Ratna Jaiswal for the Petitioner. None for the Respondents. ...... CORAM : S.J. VAZIFDAR, J. DATE : 20 th DECEMBER, 2010. P.C. :- 1 The petition has been filed under section 9 of the Arbitration and Conciliation Act, 1996. 2 There is no affidavit-in-reply. Prima facie, it appears that the Respondents have not repaid the loan. In the circumstances, the Petitioner’s apprehension that the Respondents may dispose of the property with an intention to defeat an award that may be passed in the Petitioner’s favour has not been denied. 36.arbp.1321.10 3 In the circumstances, the petition is made absolute in terms of prayer (a) except the words bracketed in red namely ‘dealing with’. No order as to costs. 4 The learned counsel appearing on behalf of the Petitioner undertakes to file an affidavit of service, if not already filed, within two weeks from today. The undertaking is accepted. -