stated that, at
the time of executing Ext.P8 loan cum hypothication
agreement, ten blank signed cheques were obtained and
misusing ... same in 60 monthly
instalments and executed Ext.P8 loan cum hypothication
agreement on 18.11.2010 and an amount
with respondents
1 and 2 in respect of two separate loan cum hypothication
agreement on 31.08.2012 for purchase of two Tata LPT
1109 lorries ... vehicles
involved in this case. The fact that, the vehicles were
hypothicated to the petitioner company and the respondents
1 and 2 have committed default
with respondents
1 and 2 in respect of two separate loan cum hypothication
agreement on 07.09.2012 for purchase of two Tata LPT
1109 lorries ... vehicles
involved in this case. The fact that, the vehicles were
hypothicated to the petitioner company and the respondents
1 and 2 have committed default
respondent
financier. It is also in away admitted that, the vehicle was
hypothicated to them and apart from that, he had given
property security
amount of 3,33,390/- was due. Since the vehicle
was hypothicated as per Ext.P3 hypothication agreement
with the respondent, arbitration proceedings were
