HDB Financial Services Limited Vs C5 Engineering Private Limited

HDB Financial Services Limited vs C5 Engineering Private Limited

Type Court Judgment Court Chennai Decided Jun 17, 2026

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https://sooperkanoon.com/case/1492019

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Citation: sooperkanoon.com/1492019
Court: Chennai High Court
Judge: Honourable Mr.Justice K.Kumaresh Babu
Decided On: Jun 17, 2026
Case Number: Arb Appln/1377/2025

Parties & Advocates

Appellant / Petitioner

HDB Financial Services Limited

Respondent

C5 Engineering Private Limited

Excerpt

.....indicating that thearrears of installments for the months of february and march 2026 which fell due would be paid on or before 30.06.2026. similarly, the installments which fell due for the months of april and may would be paid on or before 31.07.2026.4. the learned counsel for the applicant would submit that if the payments for the month of june and july 2026 are also being paid along with the arrears, there could be no impediment for him to accept the payment.5. learned counsel for the respondent would submit that the said undertaking to pay the arrears will also include the monthly installments payable for the month of june and july 2026.6. in view of the undertaking given by the second respondent as clarified by the learned counsel appearing for the applicant, this court is of the view that there is no necessity to further adjudicate the application,.7. accordingly, the application is closed, however, with a liberty to the applicant to initiate appropriate proceeding on the failure of the respondent in honoring his dues. however, there shall be no order as to costs. index: yes/nospeaking/non-speaking orderneutral citation: yes/no gbak.kumaresh babu, j.gba

Full Judgment

IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 17-06-2026
CORAM
THE HON'BLE MR.JUSTICE K.KUMARESH BABU HDB Financial Services Limited 4th Floor, Loyal Towers, No.68 2, Greams Road, Chennai 600 006.Rep. by its Authorised Signatory Mr. P.Saravanan ..Petitioner(s) Vs
1. C5 Engineering Private Limited Rep.by its Authorised Signatory 4th Floor, Plot No.270/A, Padmaja Towers, Banjara Hills, MLA Colony, Hyderabad, Telangana 500 034.
2. Sushanti Chennadi So. Sudhakarrao Chennadi 8 2 693 82 C, Plot No 3 6 A,MLA Colony, Road No 12,Banjara Hills, Hyderabad,Telangana 500034 ..Respondent(s)
PRAYER:- Arbitration Application filed to appoint an Advocate Commissioner to seize and deliver the Assets (2Nos) of SCANIA G500 XT 8X4 HEAVY TIPPER TRUCK Construction Equipment as detailed in the Schedule For Petitioner : Mr.M.Arunachalam For Respondents : Ms.Preeti Sivaraman

ORDER

The present Arbitration Application has been filed to appoint an Advocate Commissioner to seize and deliver the Assets (2Nos) of SCANIA G500 XT 8X4 HEAVY TIPPER TRUCK Construction Equipment as detailed in the Schedule

2. Heard the learned counsels appearing on either side.

3. An affidavit had been filed by the second respondent indicating that the

arrears of installments for the months of February and March 2026 which fell due would be paid on or before 30.06.2026. Similarly, the installments which fell due for the months of April and May would be paid on or before 31.07.2026.

4. The learned counsel for the applicant would submit that if the payments for the month of June and July 2026 are also being paid along with the arrears, there could be no impediment for him to accept the payment.

5. Learned counsel for the respondent would submit that the said undertaking to pay the arrears will also include the monthly installments payable for the month of June and July 2026.

6. In view of the undertaking given by the second respondent as clarified by the learned counsel appearing for the applicant, this Court is of the view that there is no necessity to further adjudicate the application,.

7. Accordingly, the application is closed, however, with a liberty to the applicant to initiate appropriate proceeding on the failure of the respondent in honoring his dues. However, there shall be no order as to costs. Index: Yes/No

Speaking/Non-speaking order

Neutral Citation: Yes/No GBA

K.KUMARESH BABU, J.

GBA

Same Court & Year Chennai · 2026 Same Parties HDB Financial Services Limited vs C5 Engineering Private Limited Same Judge Honourable Mr.Justice K.Kumaresh Babu