V. KAMESWAR RAO
Simran Sodhi – Appellant
Versus
Sandeep Singh – Respondent
JUDGMENT
V. Kameswar Rao, J. As the captioned petitions arise from the same factual matrix, seeking appointment of an arbitrator, I shall proceed to decide both the petitions together.
ARB.P. 842/2019
2. The petitioner herein, Simran Sodhi, and the respondent Sandeep Singh entered into a Partnership Deed on March 10, 2014, for carrying out manufacturing and trading of plastics, electronics and electrical items under the name of S.S. Manufacturing (`the Firm', hereinafter). In terms of the Partnership Deed, it was agreed that the profit/loss incurred by the resultant Partnership Firm shall be borne in the ratio of 67% (by the petitioner) and 33% (by the respondent). However, the said ratio was subsequently altered to 60% (by the petitioner) and 40% (by the respondent).
3. It is submitted by Mr. Vikas Arora, learned counsel for the petitioner that due to poor market conditions and various actions, breaches and omissions on the part of the respondent, including misbehavior with the Firm's suppliers/vendors, the Firm suffered substantial losses. In view of the losses suffered by the Firm, it became impossible for the petitioner to continue with and sustain the Firm any longer. Resultan
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