2014 (7) TMI 1245

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....er Ms. S.I. Joshi i/by Mr. Navin Kumar for the Respondent JUDGEMENT 1. By this Petitioner under Section 9 of the Arbitration and Conciliation Act 1996, by way of ad-interim measures, the petitioner seeks appointment of the Court Receiver in respect of the mortgaged property described in Exh. I to the petition, interim injunction in respect of the said property and for other reliefs. 2.....

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.... the request of respondent No. 1 to reschedule the repayment installments. In order to record the rescheduled dates of repayment of the Credit Facility availed by Respondent No. 1, a Re-schedulement Agreement effective from 1.10.2012 was executed wherein the respective loans were cumulated and converted into a singular loan amounting to Rs. 31,62,10,130/-. On 7.3.2014, the petitioner issued a dema....

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....e sale and take back the land so allotted to respondent No. 2. It is submitted that if the possession of the land is taken by APIIC, the security of the petitioner will be seriously jeopardized. Perusal of record prima facie indicates that respondent No. 1 has committed default in making the payment though the installment was rescheduled by the petitioner on the request of respondent No. 1. There ....