A. RAJASEKHAR REDDY, J.

1. This interlocutory application is being taken up for hearing pursuant to the order passed by the Supreme Court in SLA(C) Nos. 16006 & 16007 of 2018, out of turn. Facts stated are:--In the year 2004, the petitioner in the capacity of Managing Director of M/s. Visakha Industries Limited had entered into an agreement with the 1st respondent-Hyderabad Cricket Association, (for short, 'the HCA') to extend financial aid for construction of a stadium (now Rajiv Gandhi International Cricket Stadium, Uppal, Hyderabad), and advanced some of Rs. 4.32 crores. Among other things, the agreement provided for extension of certain benefits, such as naming the stadium as Visakha International Cricket Stadium, allotment of stands and cubicles in the stadium to the Company and the like. But, disputes arose between the parties to the contract i.e., M/s. Visakha Industries Limited and the HCA and the agreement had to be ultimately terminated vide letter dated 16.7.2011, which led to initiation of arbitration proceedings and an award was also passed on 15.3.2016 for Rs. 25.92 crores as damages in favour of M/s. Visakha Industries Limited and against the HCA. Pending ar