2000 INSC 0030
                                        SUPREME COURT OF INDIA

                                                  Tata Finance Ltd.
                                                           Vs.

                                                Ajaya Kumar Biswal

                                       (S. P. Kurdukar and R. P. Sethi JJ.)

                                                      07.01.2000

                                                       ORDER

The Text below is only a summarized version of the order pronounced

Due to default in payment of Rs.2,20,00 - under a Hire purchase agreement the impugned truck was
seized by the appellant and for the balance amount arbitration proceedings were initiated. High
Court ordered the release of vehicle on payment of Rs.1,00,000 -. The Apex Court had set aside the
said order on the ground that arbitration proceedings regarding the dispute were pending and if the
respondent repeated the default, the appellant would have to follow the same procedure to recover
its money.