THE HIGH COURT OF KARNATAKA
MR. S.R.KRISHNA KUMAR, J
QUANTUM INVESTMENT PARTNERS LLC – Appellant
Versus
M/S DURGA SHREE HEIGHTS PVT LTD – Respondent
| Table of Content |
|---|
| 1. overview of case filings and related proceedings. (Para 1 , 2 , 3) |
| 2. arguments regarding the procedural appropriateness of stay applications. (Para 4 , 5 , 6 , 7) |
| 3. court's review and rationale on commercial court's orders. (Para 8 , 9 , 10 , 11) |
| 4. final verdict and directives regarding case proceedings. (Para 12) |
ORAL ORDER
W.P.No.31410/2025 and W.P.No.24085/2025 arise out of Com.Misc.No.8/2025 also filed by the respondents against the petitioners herein is pending before the commercial court.
3. A perusal of the material on record will indicate that the petitioners in all the petitions instituted Com.A.A.Nos.333/2022 and 334/2022 against the respondents under Section 9 of the Arbitration and Conciliation Act , 1996. The respondents entered appearance in the said proceedings, which was disposed of vide order dated 23.02.2023 recording the terms of compromise entered into between the parties who had filed a joint compromise petition. Subsequently, the respondents herein filed Com.Misc.Nos.7/2025 8/2025 under Order 23 Rule 3A r/w Section 151 CPC seeking setting aside of the compromise reported in Com.AA.333/2022 and Com.AA.334/2022 respectively on the ground that the
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