Cholamandalam Investment And Finance Co Ltd vs SUMIT RAHAL

Arb Appln No. 708 of 2026 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 18.06.2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No. 708 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.Sumit Rahal, S/o.Padam Singh 2. M/s.L&T Finance Parasnath Plaza 2nd Floor Delhi Road, Moradabad Uttar Pradesh – 244 001. ..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.10,18,466.24 to the Respondent by withholding the salary of 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 2nd Respondent and witholding 1/3rd of the remainder salary and restrain the 2nd respondent from receiving the salary amount so withheld from the Garnishee and further direct the Garnishee to deposit the amount of salary so withheld every month to the cr