N.SATHISH KUMAR
VGP Universal Kingdom, Rep. by V. G. P. Ravidas, Managing Director – Appellant
Versus
K. K. Enterprises, Rep. by its Proprietor, Karthik – Respondent
JUDGMENT :
(Prayer: Petitions filed under section 34 of the Arbitration and Conciliation Act,. 1996, O.P.No.500 of 2017 to set aside the impugned arbitral Award dated 27.11.2016 passed by the learned arbitrator and O.P.No.898 of 2017 has been filed to allow the claim made by the petitioner.)
1. Aggrieved over the award passed by the sole arbitrator directing the respondent to pay a sum of Rs.17 lakhs with interest Original Petition in 500 of 2017 has been filed and Original Petition 898 of 2017 has been filed against the dismissal of the counter claim and also awarding of Rs.17 lakhs payable by the respondent.
2. As the two original petitions are arising out of the same award, this Court is inclined to dispose of the two original petitions by way of a common Order.
3. Brief facts leading to filing of the Original Petitions is as follows:
The claimant has entered into an agreement with the respondent on 29.06.2012 for running of a Food Court cum Bar in the respondent property. It was originally run in the name of Akshaya Food Court. The agreement period is for six years and three months period is given to make the premises ready. Six years period was to commence thereafter. The claimant
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