Cholamandalam Investment And Finance Co Ltd vs KAMALNATH M

Arb Appln No. 521 of 2026 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 24-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No. 521 of 2026 M/s.Cholamandalam Investment and Finance Company Limited, Chola Crest, C54-55 & Super B – 4, Thiru-vi-ka Industrial Estate, Guindy, Chennai – 600 032, Represented by its Authorised Signatory. ..Petitioner(s) Vs 1.Kamalnath M 2.Murugan C 3.Panchayat Union Middle School Vakkankottai Village Erraseegalahalli Dharmapuri, Tamil nadu – 635106. ..Respondent(s) Prayer Arbitration Application under Order XIV Rule 8 of Original Side Rules read with Section 9(ii)(b) of the Arbitration and Conciliation Act, 1996 praying to pass an order prohibiting the Garnishee from making payment upto a limit of Rs.11,79,355.60 to the 2nd Respondent by withholding the salary of 2 nd Respondent every month to the extent as contemplated in section 60 of C.P.C. viz., after deducting the first Rs.1,000/- of the salary of the 2 nd Respondent and witholding 1/3rd of the remainder salary and restrain the 2 nd respondent from receiving the salary amount so withheld from the Garnishee and further direct the Garnishee to deposit the amount of salary so withheld ev