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Madras High Court

Sundaram Finance Limited vs L S P Agro Ltd on 15 October, 2025

Author: N.Anand Venkatesh

Bench: N.Anand Venkatesh

                                                                                          Arb.Appln.No.1056 of 2025


                                  IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                 DATED : 15.10.2025

                                                          CORAM:

                            THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH

                                       Arbitration Application No.1056 of 2025
                                                         in
                                                 A.No.3891 of 2002



                     Sundaram Finance Limited,
                     Rep.by its Asst. General Manager - Legal
                     21, Patullos Road,
                     Chennai 600 002.
                                                                                      ... Applicant

                                                               Vs.

                     1. L S P Agro Ltd
                     Rep by its Managing Director
                     Rep.by its Managing Director
                     No.12, Ponneri High Road, Elanthanchery,
                     Andarkuppam Check Post,
                     Manali New Town,
                     Chennai 600 103.

                     2.B S Arunachalam
                     No.281, Raman Road,
                     A.V.K. Nagar, Salem 636 004.

                     3.B S Selvakumar
                     No.280-b, Raman Road,
                     A.V.K. Nagar, Salem 636 004.

                     4. B S Krishnan

                     1/4




https://www.mhc.tn.gov.in/judis             ( Uploaded on: 17/10/2025 01:28:54 pm )
                                                                                                  Arb.Appln.No.1056 of 2025


                     No.f-281-a, Raman Road,
                     A.V.k. Nagar, Salem 636 004.

                     5.B S Chandrasekaran
                     L. 281-a, Raman Road,
                     A.V.k. Nagar, Salem 636 004.
                                                                                                   ...Respondents

                     Prayer: Arbitration Application filed under Order XIV Rule 8 of O.S. Rules
                     read with Section 9(ii)(b)(d) & (e) of the Arbitration Act, 1996, to raise the
                     order of attachment dated 04/04/2003, made in A.No.3891 o 2002, in respect
                     of the property more fully described in the Schedule to the Judges Summons
                     and      consequently communicate the order                            to   the Sub      Registrar,
                     Suramangalam, Salem District, as to record the factum of raising the order of
                     attachment in respect of the said property in their records through district
                     court salem.


                                        For Applicant         :        Mr.M.Arunachalam



                                                             ORDER

Today, when the matter was taken up for hearing, learned counsel for applicant seeks permission of this Court to withdraw the application. He has also made an endorsement to that effect.

In view of the above submission and endorsement made by learned 2/4 https://www.mhc.tn.gov.in/judis ( Uploaded on: 17/10/2025 01:28:54 pm ) Arb.Appln.No.1056 of 2025 counsel for the applicant, this Application is dismissed as withdrawn.

15.10.2025 mk Index: Yes/No Speaking Order/Non-Speaking Order Neutral Citation Case : Yes/No 3/4 https://www.mhc.tn.gov.in/judis ( Uploaded on: 17/10/2025 01:28:54 pm ) Arb.Appln.No.1056 of 2025 N.ANAND VENKATESH, J.

mk Arbitration Application No.1056 of 2025 15.10.2025 4/4 https://www.mhc.tn.gov.in/judis ( Uploaded on: 17/10/2025 01:28:54 pm )