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2025 Supreme(Ker) 1787

IN THE HIGH COURT OF KERALA AT ERNAKULAM
M.A.ABDUL HAKHIM
Laly Joseph – Appellant
Versus
Chazhikattu Hospitals Private Limited – Respondent


Advocates:
Advocate Appeared:
For the Appellant : SHRI.P.CHANDY JOSEPH
For the Respondent: SRI.ROSHEN.D.ALEXANDER, SRI.ANIL SEBASTIAN PULICKEL, SRI.THOMAS J.ANAKKALLUNKAL, SMT.TINA ALEX THOMAS, SMT.ANUPA ANNA JOSE KANDOTH, SHRI.HARIMOHAN, SMT.KOCHURANI JAMES, SHRI.JAYARAMAN S., SMT. DHANYA SUNNY, SMT. ANN MILKA GEORGE, SMT.MERINE TOM, SHRI.SANTHOSH MATHEW (SR.), SRI.ARUN THOMAS, SMT.VEENA RAVEENDRAN, SMT.KARTHIKA MARIA, SHRI.SHINTO MATHEW ABRAHAM, SMT.LEAH RACHEL NINAN, SHRI.MATHEW NEVIN THOMAS, SHRI.KARTHIK RAJAGOPAL, SHRI.KURIAN ANTONY MATHEW, SMT.APARNNA S., SHRI.ARUN JOSEPH MATHEW, SHRI.NOEL NINAN NINAN, SHRI.ADEEN NAZAR

ORDER :

M.A.ABDUL HAKHIM, J.

1. This is an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996 , to appoint an Arbitrator for adjudication and determination of all disputes arising out of and in respect of the claim of the Applicant pertaining to the Annexure-1 Agreement.

2. Annexure-1 Agreement titled as “Investment Agreement” dated 27.10.2024 is executed between the Applicant and the respondents 1 to 3. The Agreement was for the purchase of 100% equity shares of the 1st respondent company by the Applicant from the respondents 2 & 3 for a total consideration of Rs.170 Crores. As per the terms of the said Agreement, the Applicant shall pay an amount of Rs.30 Crores as advance consideration. Annexure-1 Agreement would indicate that the Applicant had issued Cheque No.10196422 dated 27.10.2024 drawn on the Federal Bank, Pathadipalam branch in favour of the 1st respondent and it is specifically stated that the said Cheque shall be honoured on 28.10.2024 and that the advance consideration shall be treated as paid only upon realisation of the cheque amount. Clause 6 of Annexure-1 Agreement provides for termination. It is specifically stated that the Agreement sh

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