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2024 Supreme(Telangana) 1015

ALOK ARADHE
Ronak Gupta – Appellant
Versus
Kanishk Gupta – Respondent


Advocates Appeared:
For the Appearing Parties : S. Ravi, Senior Counsel, Rohan Aloor for R.S. Associates and D. Neeharika Reddy, Learned Counsel

ORDER :

Alok Aradhe, C.J.

1. Mr. S.Ravi, learned Senior Counsel appears through video conference.

Mr. Rohan Aloor, learned counsel appears for M/s. R.S.Associates for the applicant.

Ms. D.Neeharika Reddy, learned counsel for respondent No.1.

2. In this petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 (briefly 'the A&C Act' hereinafter), the petitioner seeks appointment of an arbitrator to adjudicate the dispute between the parties.

3. Facts giving rise to filing of this petition briefly stated are that the applicant is one of the shareholders in M/s. Clarion Agro Products Private Limited i.e., respondent No.4 (hereinafter referred to as 'the company'). The said company was incorporated in the year 2008 by one late Mr. Vinod Gupta and respondent No.1. The company is a family owned unit and its affairs are being managed on the basis of mutual trust. Over the years, financial health of the company deteriorated.

4. According to the applicant, it has stepped into the shoes of the management in the year 2022 with a view to revive the company. Clause 63 of the Articles of Association reads as under:

    "Whether any difference or disputes arise between the company on one han

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