1. Petitioner is a company incorporated under the provisions of the Companies Act and engaged in the business of managing, operating and running multiplex cinema halls under the name of style of "Satyam Cineplexes". Respondent No. 1 is also a company incorporated under the provisions of the Companies Act and engaged in the business of acquiring, developing and programme real estate assets. Respondent No. 2 is also a company engaged in the business of constructing and developing commercial complexes and malls.

2. Petitioners contend that on 17.07.2010 they entered into a Memorandum of Understanding (for short `the MOU') with respondent No.1 wherein respondent No.1 agreed to develop property and to lease 52000 sq.ft. area in the II floor of a building called "Mall of Bangalore" subject to certain terms. Under the MOU the petitioners have paid a sum of Rs.15.00 lakhs as interest free security deposit. In furtherance of MOU several meetings were held, E-mails were exchanged and there came to be a concluded agreement to lease on 03.08.2012 and addendum to agreement to lease. This agreement to lease and addendum are accompanied by annexures. Respondent No. 1 instead of discharg