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2024 Supreme(Cal) 1002

SABYASACHI BHATTACHARYYA
Basant Kumar Khemka – Appellant
Versus
City Shoppe Estates Limited – Respondent


Advocates Appeared:
For the Petitioner: Mr. Pranit Bag, Mr. Rahul Poddar.
For the Respondent: Mr. Rajarshi Dutta, Mr. Deepak Kr. Jain, Mr. Abvishek Dutta.

JUDGMENT :

Sabyasachi Bhattacharyya, J.

1. The present applications under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as “the 1996 Act”) has been filed by two owners of flats in a Housing Complex called "Diamond Towers".

2. One M/s Jhansi Fuels & Chemicals Limited, the developer of the building complex, entered into an agreement for sale with one M/s Trot Shoe Company (P) Limited and pursuant thereto, executed a sale-deed in favour of the said M/s Tort Shoe on July 3, 1991 in respect of the subject property. On November 9, 1994, M/s Trot Shoe Company Private Limited sold the said premises to one Amlan Singha.

3. Amlan Singha, in turn, sold the subject property to the present petitioners on September 1, 2020 by a registered sale deed.

4. Meanwhile, M/s Jhansi Fuels and Chemical Limited was renamed as City Shoppe Estates Limited, the present respondent.

5. The petitioners issued a notice under Section 21 of the 1996 Act to the respondent on October 18, 2023, invoking the arbitration clause contained in an agreement dated May 2, 1995 entered into between M/s Jhansi Fuels & Chemicals Limited and seven owners of Diamond Towers who, as per the said agreeme

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