The present application under section 11(6) of the Arbitration and Conciliation Act, 1996 (for short `the Act’) has been filed by the two petitioners. It was originally filed as against opposite parties no. 1 to 10 being first set and opposite parties no. 11 to 20 being opposite party second set, but in course of the proceedings the petitioners agreed to delete opposite party second set i.e. opposite parties no. 11 to 20. As such this application subsists only in relation to opposite party first set. Petitioner no.2 is the builder, whereas, petitioner no.1 is the Project Partner and opposite party first set are the land-lords.

2. Pleadings being complete, with consent of the parties, this application was heard for final orders.

3. Shri Jagannath Singh, learned counsel appeared for the petitioners in support of the application and Shri Lalit Kishore, learned senior counsel and Principal Additional Advocate General argued on behalf of opposite party first set.

4. It appears that opposite party first set were in possession of certain lands contiguous to Boring Road in the town of Patna. Petitioner no.2 being a builder entered into an agreement with the land owners-opposit