NEENA BANSAL KRISHNA
Affordable Infrastructure and Housing Projects Private Limited – Appellant
Versus
Segrow Bio Technics India Private Limited – Respondent
JUDGMENT
1. A petition under Section 9 of the Arbitration & Conciliation Act, 1996 (hereinafter referred to as "the Act") has been filed by the petitioner for adinterim injunction to restrain the respondent from acting upon the Termination Notice dated 27th September, 2022 and to desist from making any direct communication with the petitioner's sub-tenants.
2. It is stated that the Lease Deed dated 28th September, 2017 read along with the addendum dated 07th December 2017 was executed between the petitioner and the respondent in respect of ground, first, second, third and fourth floor of commercial property bearing Industrial Plot No.445, Phase-V, Udyog Vihar, Gurugram, Haryana (hereinafter referred to as "the leased premises"). The Lease Deed dated 28th September 2017 was followed by an Addendum dated 07th December 2017 for extending the rent commencement date and enhancing the amount of Refundable Security Deposit by INR 2.5 Crores deposited with the Lessor. Clause 4 of the Lease Deed provided for the lock-in period of three years from 15th November, 2017 subject to lessor complying with the conditions as specified in Schedule I of the Lease. Clause 7 provided for rental and es
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