1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 73 OF 2009 Kotak Mahindra Bank Limited ...Petitioner. Vs. Abdul Awwal Chaudhary & Anr. ...Respondents. Ms.Disha Karambar for the Petitioner. None for the Respondents. CORAM :- ANOOP V. MOHTA, J. DATED :- 12TH JUNE, 2009. P.C.- 1 The averments made in the Petition are not in dispute. It means, admittedly, the Respondents are defaulters in making the payment based upon the loan-cum-hypothecation agreement. The amount involved is Rs.5,83,967. There is no compliance of order passed by this Court dated 2nd May, 2009. The Respondents, therefore, unable to disclose their assets, of any nature whatsoever. 2. The learned counsel appearing for the Petitioner submits that 2 between the same parties in similar facts and circumstances in Arbitration Petition No.616 of 2008, this Court has already by order dated 2nd February, 2009, directed to furnish solvent security to this Court. Therefore, the learned counsel appearing for the Petitioner makes submission to pass such order in view of prayer clause (d). 2. Resultantly, I am inclined to pass the following order:- “The Respondents are ordered and directed to furnish solvent security to this Court for the entire sum of Rs. 5,83,967/- within a period of eight weeks. 3. In view of this, the Petition is disposed of with liberty including to settle the matter. No order as to costs. (ANOOP V. MOHTA, J.)