JUDGMENT :

P. NAVEEN RAO, J.

1. It is apt to begin this judgment with the often quoted statement by Joseph Grynbaum. He said and quite rightly, ‘an ounce of mediation is worth a pound of arbitration and a ton of litigation’. Joseph Grynbaum specializes in mediating complex multi-party commercial disputes.

2. Heard learned senior counsel Sri Ashok Ram Kumar for Sri P.Satya Venkateswara Rao for the appellant and the learned counsel Sri Hemanth Singh appearing for Sri M.Mallikarjun Reddy for the respondent. Parties herein are referred to as arrayed in the suit.

3. Plaintiff and the respondent are the Companies registered under the Companies Act, 2013. According to plaintiff, it is a century old business house engaged in business of marketing and/or manufacturing of diverse goods and services including packaged Foods and Beverages etc. It claims to be one of India’s foremost Private Sector Company having total income of about Rs. 62,336 crores in the financial year 2021-22 with market capitalization of about Rs. 3,08,882 crores as on 31.03.2022. It is rated amongst India’s 50 biggest Non-financial companies and ranked amongst the top 5 of India’s Most valuable companies for the years 2014