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2022 Supreme(P&H) 2004

RAJ MOHAN SINGH
Sandhu Poultry Research Breeding Farm – Appellant
Versus
Amrit Hatcheries Private Ltd. – Respondent


Advocates appeared:
Mr. Kps Virk, Advocate and Mr. J.S. Kang, Advocate, for the Appellant.

JUDGMENT

Raj Mohan Singh, J. (Oral) - The petitioner has preferred this petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 for appointment of an Arbitrator to resolve the dispute between the parties arising out of lease agreement dated 30.09.2014.

2. Learned counsel for the petitioners submits that the petitioner No.1 is a partnership firm carrying on the business of hatchery, poultry and trading of cattle feed etc. The respondent No.1 is a company registered under the Companies Act, 1956 and is also engaged in the business of hatchery and poultry. The respondent No.2 is a bank from where petitioner No.1 has availed loan. All the assets of the petitioner No.1 in the premises are mortgaged in favour of the respondent No.2 by way of hypothecation. The infrastructure belonging to the petitioners was leased out in favour of the respondent No.1 for a period of seven years w.e.f. 20.10.2014. The date of expiry of the lease was 19.10.2021. During the initial period of five years from the date of agreement, there was a 'lock in period', whereby the first party was not entitled to terminate the lease agreement. The respondent No.1 did not adhere to the conditions of th

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