1. This civil revision petition is filed under Article 227 of the Constitution of India, by defendant No.1 in the suit in O.S.No.90 of 2014 on the file of learned V-Additional District Judge, Medak at Sanga Reddy, aggrieved by order dated 19.01.2015, passed in I.A.No.1189 of 2014. By the aforesaid order, the petition filed by the petitioner herein under Section 8 of the Arbitration and Conciliation Act, 1996, read with Section 151 of C.P.C., is dismissed. Necessary facts in brief are as under :

2. Respondent-plaintiffs are the owners of land admeasuring Ac.2-32 gts. in Sy.No.385, situated at Tellapur village of Ramchandrapur Mandal in Medak District. Petitioner is a Company registered under the Companies Act of 1956 and is engaged in the business of constructing multi-storied apartments by entering into development agreements with the owners of land. Respondent-plaintiffs along with 9 others, have executed Development Agreement-cum-Irrevocable Power of Attorney in favour of petitioner vide document No.13321/2007, dated 23.06.2007, registered in the office of Sub-Registrar, Sangareddy. As per the terms of the development agreement, the petitioner shall construct the proposed