Citation : 2024 Latest Caselaw 69 Mad
Judgement Date : 2 January, 2024
W.P.(MD) No.19874 of 2023
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT
DATED : 02.01.2024
CORAM:
THE HONOURABLE MR.JUSTICE D.KRISHNAKUMAR
and
THE HONOURABLE MR.JUSTICE R.VIJAYAKUMAR
W.P.(MD) No.19874 of 2023
The Chief Manager,
Circle Sastra,
Panjab National Bank,
PNB House, BHEL Complex,
Kalasapuram,
Tanjavur Road, Trichy. ... Petitioner
-vs-
1.The Sub Registrar,
Joint No.IV,
Palanganatham, Madurai.
2.Shriram Transport Finance Ltd.,
No.74, ADR Towers, 3rd Floor,
P.P.Road, Kalavasal, Madurai – 06. ... Respondents
PRAYER: Petition filed under Article 226 of the Constitution of India, praying to
issue a Writ of Certiorarifed Mandamus, to call for the file relating to the
arbitration O.P. in Case No.L.No.11/2020 and quash the orders of Attachment
before Judgment passed by the sole arbitrator on 22.02.2020 and in consequence
thereof.
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W.P.(MD) No.19874 of 2023
For Petitioner : Mr.S.Rengasamy
For Respondents : Mr.S.P.Maharajan,
Special Government Pleader for R1
No appearance for R2
ORDER
[Order of the Court was made by D.KRISHNAKUMAR, J.]
The Writ Petition has been filed challenging the order of attachment
before judgment passed by the Arbitrator in arbitration O.P. in L.No.11 of 2020.
2. The Writ Petition has been filed by the bank by contending that
proceedings was initiated by the petitioner bank under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act,
2002 and Demand Notice was issued under Section 13(2) on 04.02.2020 and
possession of the property was taken on 21.01.2021. Pursuant to completion of
the sale proceedings, when the petitioner approached the Sub-Registrar Office to
register the sale certificate, the same came to be rejected for the reason that
Shriram Transport Finance Ltd., has already registered the order of attachment
before judgment passed by the Arbitrary in arbitration O.P. in No.L.No.11 of
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2020. According to the petitioner, the order passed by the Arbitrator is malafide
and is without jurisdiction.
3. We have gone through the provisions of the Arbitration and
Conciliation Act, 1996 and Section 37 of the Act clearly states that as against the
order passed under Section 9 of the Arbitration and Conciliation Act, 1996,
remedy is available under Section 37 of the Act. Even though the petitioner was
not a party before the Arbitration Proceedings, if it is aggrieved by the order, it
can very well approach the appropriate forum under Section 37 of the Act.
Therefore, we are of the view that the present Writ Petition cannot be entertained.
4. Accordingly, the Writ Petition is dismissed with liberty to the
petitioner to approach appropriate forum under Section 37 of the Arbitration and
Conciliation Act, 1996, within a period of four weeks from the date of receipt of a
copy of this order. No costs.
[D.K.K., J.] [R.V., J.]
02.01.2024
Index : Yes / No
Internet : Yes / No
SJ
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https://www.mhc.tn.gov.in/judis
D.KRISHNAKUMAR, J.
and
R.VIJAYAKUMAR, J.
SJ
1.The Sub Registrar,
Joint No.IV,
Palanganatham, Madurai.
02.01.2024
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https://www.mhc.tn.gov.in/judis
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