L. Narasimha Reddy, J.

This batch of Civil Miscellaneous Appeals and Civil Revision petitions is in relation to the proceedings initiated under the Arbitration and Conciliation Act, 1996 (for short ‘the Act’) between the parties herein.

For the sake of convenience, the parties herein are referred to, as arrayed in C.M.A. No.832 of 2012.

The 1st respondent is an American Company, with its principal activity in Automobile Engineering, having registered office at Michigan, United States of America (USA). The appellant is an Indian Company, mainly involved in the activity of information and Technology. It has also established its units abroad, particularly in USA. The 1st respondent evinced interest to work in collaboration with the appellant and to bring about a joint venture. Accordingly, it was decided on 11-03-1999, by both of them to bring about a Joint Venture, with the name, Satyam Venture Engineering Services Private Limited, the 2nd respondent herein.

After the Memorandum of Understanding was executed, a Share Holders Agreement (SHA) was entered into, defining the mutual rights and liabilities of both the parties, method of making investments and providing for cons