APHC010033002015 IN THE HIGH COURT OF ANDHRA PRADESH Bench Sr.No:-13 AT AMARAVATI [3441]

ARBITRATION APPLICATION NO: 106 of 2015 Botta Naga Chiranjeevi Reddy ...Applicant Vs.

Mohammad Jamsheed and others ...Respondents **********

Advocate for Applicant: Mr. Shivam Kunal appearing vice Mr. P. Shashi Kiran Advocate for Respondents: Mr. T. N. M. Ranga Rao CORAM : T HE CHIEF JUSTICE DHIRAJ SINGH THAKUR DATE : 26^th December, 2025.

P C :

This is an application filed under Section 11 of the Arbitration and Conciliation Act, 1996, seeking reference of the disputes for adjudication to an arbitrator.

2. The applicant claims that he is a builder and is engaged in the construction business. It is stated that he entered into a Development Agreement, dated 08.08.2008, with the respondents to develop a commercial complex over land belonging to them for better economic returns.

3. According to the terms and conditions of the Development Agreement dated 08.08.2008, the parties had agreed that the applicant would deposit with the respondents an amount of Rupees One Crore as a refundable security deposit which was to be refunded in two installments without interest, i.e. Rs.50,00,000/- (Rupees Fifty Lakhs