JUDGMENT :

(Prayer: Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(1)(ii) (e) of the Arbitration and Conciliation Act, 1996, to grant a stay of further proceedings of the Arbitral Tribunal comprising of Second, Third and Fourth Respondents with regard to the dispute between M/s. Lanco Infratech Limited and M/s. Chennai Metro Rail Limited, as an interim measure of protection until leave is granted by the Hon'ble NCLT, Hyderabad under S.279 of the Companies Act, 2013 to proceed with the arbitration proceedings.)

This application has been filed under section 9 of the Arbitration and Conciliation Act, for staying the further proceedings of the Arbitral Tribunal consisting of 2nd, 3rd and 4th Respondents with regard to the dispute between the Applicant and the 1st Respondent until to obtain leave from NCLT, Hyderabad to proceed with the arbitration proceedings.

2. The brief facts leading to file this application is as follows:

2.a. The applicant and the 1st Respondent entered into contract dated 05.09.2011 for the Design and Construction of Elevated