Arbitration

Bindu (Querist) 24 June 2014 This query is : Resolved
Dear Forum,

An arbitraion was filed before arbitator for recovery of dues, accordingly award was passed in favour of financial institution Thereafter Execution application was moved for attachment of property to recover due, however during the pendency of Execution, chamber summon was filed by father in law of the Judgement debtor stating that propert belongs to father in law and not judgement debtor.
Soon said financial instituion made application for withdrwal of Execution before High Court, however High Court levied cost on financial institution to be deposited in eight weeks on Decree Holder because of the hardship caused to father in law the applicant of HCamber summons as he was a senior citizen.

Now 12 weeks have passed and fainancial institution failed to deposit the cost within eight weeks or ask for reduction in cost, meanwhile father in law who was the applicant in chamber summons through his advocate has sent notice tht they will go for contempt .
so in this case what can be done to save financial instutution

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Devajyoti Barman (Expert) 24 June 2014
I have found you to post queries quite regularly.

Are you an advocate or legal consultant?

Bindu (Querist) 24 June 2014
Sir,
Infact i am not regular after three years i have resumed lawyersclub as i was not well. i am an juniour advocate have not worked under any senior, therefore i have put my query I Guess Our Club is meant for upliftment of lawyers and for discussion on issues related to law.
So i dont think if i dont know there is no harm in asking to seniors

Sankaranarayanan (Expert) 24 June 2014
How this case related to you.

Bindu (Querist) 24 June 2014
Sir, are we here to discuss how many times query is there, how matter is related to me.

I already said that i am an advocate so want to know this is the case which has come to me to defend and i want to discuss and require suggestions

Kumar Doab (Expert) 24 June 2014
Advise FI to deposit and regret.

Rajendra K Goyal (Expert) 25 June 2014
Depositing the required amount and regret. Agree with the expert Kumar Doab ji.

Bindu (Querist) 25 June 2014
Thank You Doabji Sir,
Even if we go in Appeal can we ask High court for reduction in cost because in many attachments same sceanario is found that the Judgemnt debtors have not given true information for issuance of credit card