C. HARI SHANKAR
Pearl Hospitality & Events Pvt Ltd – Appellant
Versus
Oyo Hotels And Homes Pvt Ltd – Respondent
JUDGMENT
C. Hari Shankar, J. - This petition, preferred by M/s Pearl Hospitality & Events Pvt. Ltd. under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "the 1996 Act"), contains the following prayer clause:
"In the aforesaid facts and circumstances, it is most humbly and respectfully prayed that this Hon''ble Court may kindly be pleased to:-
(i) Direct the respondent to immediately handover the keys of property located at Floor 1 & 2, Plot C, Community Centre, Vivek Vihar, Phase-II, Delhi110095, admeasuring 15000 sq. ft. approximately (hereinafter referred to as the ''said property''), to the petitioner herein;
(ii) Direct the respondent to pay to the petitioner an amount of Rs. 90,00,000/- (Rupees Ninety Lacs only), apart from applicable taxes, being the amount payable by the respondent to the petitioner herein for the months of December, 2019 till May, 2020, under the terms of the Management Services Agreement dated 04.09.2019;
(iii) Direct the respondent to give Monetary Security to the extent of Rs.2,23,50,000/- to secure the amount to be Awarded, in favour of the petitioner and against the respondent herein;
(iv) Restrain the Respondent, it
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