ORDER:

1. This Arbitration Application is filed under Sections 11(5) and (6) of the Arbitration and Conciliation Act, 1996 (Hereinafter referred to as “the Act”) seeking appointment of an Arbitrator to resolve the disputes between the applicant and 2nd respondent in respect of LLP Agreement.

2. The averments in the application, counter and documents placed on record disclose following facts:

2.1. The applicant is engaged in the business of real estate and construction. The applicant entered into an LLP Agreement dated 21.05.2014 with the 2nd respondent in order to constitute ‘Sri Aditya-Vamsiram Homes LLP’, i.e. the 1st respondent. The LLP entered into a Development Agreement with landowners in Survey Nos.155 and 156, Narsingi Village, Gandipet Mandal, for construction of villas project named, ‘Aditya Casa Grand’.’ The villas were to be developed and sold as per the terms of the Development Agreement. Applicant asserts that as a co-owner of the 1st respondent company he is entitled to retain Villa No.52 and it was mutually agreed. He claims to be aggrieved by the manner in which the 2nd respondent is conducting the affairs of the 1st respondent, illegally denying villa no.52 to applic