Judgment:
The Court : It appears from the report of the Receiver that he has taken possession of one of the two vehicles. Such vehicle is kept in his custody in Jabbalpur.
The Receiver could not take possession one of the vehicles as its chassis number was not tallying with the agreement. Therefore, as far as first vehicle is concerned, I direct the Receiver to sell it at the best possible price upon notice to the respondents. This order is warranted because the respondents are not appearing in spite of filing of an affidavit of service. The price realized will first be brought into the account of the Receiver.
After deducting expenses of sale and his further remuneration assessed at 700Gms., the Receiver will make over the balance sum to the petitioner. The petitioner will hold such sum to the credit of the arbitration in an interest bearing account. Such exercise to be completed within three months from date. Receiver to file a report and accounts.
This application is made returnable on 23rd September, 2010 to consider passing further orders in respect of the second vehicle. In the meantime, the Receiver or his duly appointed agent may take steps to identify and take possession of the second vehicle in terms of the earlier order.
All parties concerned are to act on a signed photocopy of this order upon the usual undertakings.