V. KAMESWAR RAO
Omega Finvest LLP – Appellant
Versus
Direct News Private Limited – Respondent
JUDGMENT
V. Kameswar Rao, J. (ORAL)
1. The present petition is filed by the petitioner under Section 11(5) of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as `A&C Act, 1996') with the following prayer:
"In view of the facts and circumstances of the present case, it is respectfully prayed that this Hon'ble Court may be pleased to:
a. Appoint a Sole Arbitrator as per the provisions of the Arbitration and Conciliation Act, 1996 pursuant to Arbitration Clause in the Second Rent Agreement, dated 13.07.2016;
b. Grant the cost of the present Petition to the Petitioner;
c. Pass any other order/s that this Hon'ble Court may deem fit and proper in the facts and circumstances of the present case."
2. It is the case of the petitioner that the respondent had taken on lease the premises situated at B-4, Sector IlI, Noida, Uttar Pradesh- 201301 (hereinafter `Demised Premises') vide registered Rent Agreement, dated February 28, 2008 for a period of 9 years.
3. On the expiry of the Rent Agreement dated February 28, 2008, a new registered Rent Agreement dated July 13, 2016 (hereinafter `Second Rent Agreement') was executed between the respondent and the petitioner renewing the l
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