SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2022 Supreme(Jhk) 1350

SUJIT NARAYAN PRASAD
Kumar Sachin, Son of Late Harihar Prasad Sahu – Appellant
Versus
Manoj Kumar Sahu, Son of Late Ambika Prasad Sahu – Respondent


Advocates:
Advocate Appeared:
For the Appellant :Mr. Sachin Kumar, Ms. Surabhi, Advocate
For the Respondents:Mr. M.S. Mittal, Sr. Advocate

JUDGMENT :

The instant application has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 for appointment of Arbitrator.

2. The brief facts of the case, as per the pleadings made in the application, read as under:

The father of the applicants, namely, Late Harihar Prasad Sahu and his friend and business associate, Shri Kumud Prasad Sahu having interest in setting up business of manufacturing beer in the State of Jharkhand and incorporated a company in the name and style of “Pali Hills Breweries Private Limited’ in the year 2013.

The said Harihar Prasad Sahu had the technical knowledge of liquor business was the prime moving force behind setting up the said company and arranged finance from his personal resources, besides mortgaging his personal immovable properties in favour of Bank for establishing the said business. The Bank of India provided term loan facilities to the Company on the basis of security given by both Harihar Prasad Sahu and Kumud Prasad Sahu. The respondent herein is the nephew of Sri Kumud Prasad Sahu and applicants are the sons of said Harihar Prasad Sahu.

It is the case of the applicants that audited balance-sheet of the said company as on

                  Click Here to Read the rest of this document
                  1
                  2
                  3
                  4
                  5
                  6
                  7
                  8
                  9
                  10
                  11
                  SupremeToday Portrait Ad
                  supreme today icon
                  logo-black

                  An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

                  Please visit our Training & Support
                  Center or Contact Us for assistance

                  qr

                  Scan Me!

                  India’s Legal research and Law Firm App, Download now!

                  For Daily Legal Updates, Join us on :

                  whatsapp-icon telegram-icon
                  whatsapp-icon Back to top