CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED vs Mohd Tashavr — 32/2026

Case Summary: ARBTN 32/2026 The court granted Cholamandalam Investment & Finance Company's application under Section 9 of the Arbitration and Conciliation Act, 1996 for interim relief. The petitioner sought appointment of a Receiver to take possession of a Baleno 1 2 Sigma vehicle (Registration: UP-14-FW-6896) pledged as security for a loan of Rs. 6,65,857 disbursed to respondent Mohd Tashavr in November 2023. The respondent defaulted on 7 installments and failed to respond to a demand notice dated 04.12.2025. The court found a prima facie case in the petitioner's favor and appointed Sh. Sher Shah as Receiver to take possession, given the risk of vehicle disposal and irreparable loss. The court issued detailed directions governing repossession, including safeguards against breach of peace, documentation requirements, and a structured payment recovery scheme with opportunities for settlement before public auction after 60 days of non-payment. This case analysis is maintained by casestatus.in based on publicly available court records.