IN THE HIGH COURT OF DELHI AT NEW DELHI
TRIDENT STEEL BUILDING SOLUTIONS VS. SHRI TARUN LODHA
O R D E R
1. The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”), seeking appointment of a Sole Arbitrator, for adjudication of disputes between the parties, arising out of the Lease Deed dated 02nd July, 2018 (“Lease Deed”).
2. As per the facts on record, the parties executed the said Lease Deed, whereby, the Ground Floor and Basement of the property bearing No. 463, Patparganj Industrial Area, New Delhi – 110092 was leased out to the respondent, for the purpose of operating a workshop/warehouse, for a period of five (5) years commencing from 01st August, 2018.
3. As per the case of the petitioner, disputes have arisen between the parties owing to the respondent’s continued default in adhering to the agreed rental structure under the Lease Deed and the unilateral termination of the same, which was in complete violation of the contractual requirement of prior notice under the Lease Deed. The respondent has thereafter also vacated the premises on 15th June, 2023, i.e., before the expiry of the agreed term under the Lease Deed.
4. The petitioner, being aggrieved by the non-payment of rent arrears and damages caused
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.