2024:BHC-OS:9156-DB IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL APPEAL NO. 90 OF 2020 IN COMMERCIAL ARBITRATION PETITION NO. 812 OF 2019 Digitally signed by SHRADDHA SHRADDHA KAMLESH KAMLESH TALEKAR Ivory Properties & Hotels Private Limited, ]

TALEKAR Date:

2024.06.25 a Company registered under the Companies ].. Appellant

18:46:12 +0530 Act, 1956, having its registered office at ]Original Construction House, “A”, 24^th Road, Khar ]Respondent (West), Mumbai 400 052. ]No.1)

Versus

1. Vasantben Ramniklal Bhuta ]

since deceased through legal heirs : ]

]

1a) Jayshree Devendra Mehta ]

6, Sejal Society, Fatehgunj Post Office Street, ]

Fatehgunj, Vadodara-390002.

]

1b) Shaila Hemant Gandhi ]

Amarkunj, Cadell Road, ]

Shivaji Park, Dadar, ]

Mumbai-400 028.

]

1c) Bhavanaben Narendra Bhuta ]

501, Vasant Villa, B-15, Kapol Society, ] Opp. HSBC Bank, Vaikunthlal Mehta Marg, ] Juhu, Vile Parle (West), ] Mumbai – 400 049. ]

]

1d) Riddhi D/o. Narendra Bhuta ]

Alias Riddhi Deven Mukhi, ]..(Respondent

501, Vasant Villa, B-15, Kapol Society, ]Nos.1(a) to 1(d)-

Opp. HSBC Bank, Vaikunthlal Mehta Marg, ]Original Juhu, Vile Parle (West), ]Petitioner Mumbai – 400 049.

2. Bhanumati Jaisukhbhai Bhuta, And residing at Nagardas Mansion, ]Respondent Page 1 of 44 Bhagatsingh Road, Vile Parle (West), ]No.2 is original Mumbai – 400 056. ]Respondent No.2.

WITH COMMERCIAL APPEAL NO. 91 OF 2020 IN COMMERCIAL ARBITRATION PETITION NO. 350 OF 2017 Ivory Properties & Hotels Private Limited, ]

a Company registered under the Companies ].. Appellant Act, 1956, having its registered office at ]Original Construction House, “A”, 24^th Road, Khar ]Respondent (West), Mumbai 400 052. ]No.1)

Versus

1. Bhanumati Jaisukhbhai Bhuta, ]

residing at Nagardas Mansion, ]Respondent Bhagatsingh Road, Vile Parle (West), ]No.1 is original Mumbai – 400 056. ]Petitioner

2. Vasantben Ramniklal Bhuta ]

since deceased through legal heirs : ]

]

2a) Jayshree Devendra Mehta ]

6, Sejal Society, Fatehgunj Post Office Street, ]

Fatehgunj, Vadodara-390002.

]

2b) Shaila Hemant Gandhi ]

Amarkunj, Cadell Road, ]

Shivaji Park, Dadar, ]

Mumbai-400 028.

]

2c) Bhavanaben Narendra Bhuta ]

501, Vasant Villa, B-15, Kapol Society, ] Opp. HSBC Bank, Vaikunthlal Mehta Marg, ] Juhu, Vile Parle (West), ] Mumbai – 400 049. ]

]

2d) Riddhi D/o. Narendra Bhuta ]

Alias Riddhi Deven Mukhi, ]

501, Vasant Villa, B-15, Kapol Society, ]

Opp. HSBC Bank, Vaikunthlal Mehta Marg, ]

Juhu, Vile Parle (West), ]..(Respondent Mumbai – 400 049.

]Nos.2(a) to 2(d)-

Page 2 of 44 ]Original ]Petitioners Mr.Rohit Kapadia, Senior Advocate a/w. Yash Kapadia, Hemlata Jain, Kaiwan Kalyaniwalla, Sanidhaa Vedpathak, Nijam-S-Sher S. Sani, Pooja Shah and Nirav Barot i/b Maneksha & Sethna, Advocates for Appellant in both Appeals-COMAP-90-2020 and COMAP-91-2020.

Mr.Shailesh Shah, Senior Advocate a/w. Dibyajyoti Banerji, Aditya Udeshi, Netaji Gawade and Nayan Bhalekar i/b M/s. Sanjay Udeshi &

Co., Advocates for Respondent Nos.1(a) to 1(d) in COMAP-90-2020 and for Respondent Nos.2(a) to 2(d) in COMAP-91-2020.

Mr.T.N. Subramaniam, Senior Advocate a/w. Rubin Vakil, Nupur Desai i/b M/s. Markand Gandhi & Co., Advocates for Respondent No.2 in COMAP-90-2020 and for Respondent No.1 in COMAP-91-2020.

CORAM : B.P. COLABAWALLA &

SOMASEKHAR SUNDARESAN, JJ.

Reserved on : March 05, 2024. Pronounced on : June 25, 2024 JUDGMENT : (Per, Somasekhar Sundaresan, J.)

Introduction:

1. This judgement disposes of two separate and concurrent Commercial Appeals (90 of 2020 and 91 of 2020), which essentially flow from the same source – an arbitral award dated 14^th February, 2017 (“Arbitral Award”). The Arbitral Award came to be set aside by a Learned Single Judge of this Court vide a common judgement Page 3 of 44 dated 28^th January, 2020 (“Impugned Judgement”). The Impugned Judgement had disposed of Commercial Arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”).

2. The Appellant in these appeals viz. Ivory Properties & H