MOHAMMED BADRUL ALAM Vs. INDUSIND BANK LIMITED

JUDGEMENT

(1.) The Court : This arbitration petition is for interim measure. Ms. Gandhi, learned advocate moves the petition.

(2.) She submits with reference to page 17, being statement of account as on 13th January, 2018, a document issued by respondent financier, aggregate of finance amount and interest charges is Rs.22,21,784/-. In addition aggregate sum of Rs.2,61,546/- was added by financier on account of insurance. She demonstrates from the statement, aggregate sum of Rs.23,42,780/- was paid by her client, by instalments in repayment of the accommodation. She submits, this is prima facie satisfaction rendered that her client paid more than contractual repayment amount. Even then financier took possession of the vehicle. Mr. Sengupta, learned advocate appearing on behalf of respondent financier submits, there has been award made. On query from Court he submits, he does not have instruction regarding execution levied pursuant to the award.

(3.) A Division Bench of this Court by order dated 8th April, 2019 in APOT 31 of 2019 (Oracle Marketing Private Limited Vs. Julfikar Ali @ Zulfikar Ali) took following view:-