JUDGMENT :

P.Naveen Rao, J.

Heard Sri M.Surender Rao, learned senior counsel for Sri Zeeshan Adnan Mahmood learned counsel for the petitioner and Sri P.Mohith Reddy learned counsel for the respondents.

2. This appeal is filed against the order dated 27.12.2021 passed in Arbitration O.P.No.72 of 2021 on the file of XXV Additional Chief Judge, City Civil Court at Hyderabad. The appellant is the owner of large extent of land in Survey No. 403/P, Durgam Cheruvu, Shaikpet village. On the above land, it has developed a portion of the land towards eco-tourism and party area named “DURGAM CHERUVU ECO TOURISM DECK AND PARTY AREA”. Earlier said property was leased out to another licensee. But differences arose between the owner and licensee leading to termination of lease. Consequently, it has called for tenders to grant fresh lease and in the process, the first respondent was identified as a new lessee.

3. Briefly noted to the extent relevant, the facts are as under :

(i) The first respondent-company is a subsidiary company of the second respondent company incorporated under the provisions of the Companies Act, 2013 and is actively engaged in running several restaurants, canteens etc. The first