Prathiba M. Singh, J.

I.A. 15997/2015 (u/S 8 of the Arbitration and Conciliation Act, 1996)

1. The Plaintiffs have filed the present suit for cancellation, declaration, recovery, permanent injunction and mandatory injunction, seeking the following reliefs:

"(a) pass and pronounce a decree to cancel the settlement deed dated 30.04.2012, letter of guarantee dated 30.04.2012, ratification deed dated 03.05.2012 and the special power of attorney dated 28.05.2012 against the Defendants and in favour of the Plaintiffs;

(b) pass and pronounce a decree to declare null and void the settlement deed dated 30.04.2012, letter of guarantee dated 30.04.2012, ratification deed dated 03.05.2012 and the special power of attorney dated 28.05.2012, against the Defendants and in favour of the Plaintiffs;

(c) pass and pronounce a money decree of Rs. 1.30 Crores, jointly and severally against the Defendants and in favour of the Plaintiffs;

(d) pass and pronounce a decree of permanent injunction to not to perform the settlement deed dated 30.04.2012, letter of guarantee dated 30.04.2012, ratification deed dated 03.05.2012 and the special power of attorney dated 28.05.2012, against the Defendants and in