O R D E R

The 1^st respondent was the sole proprietor of “Klum by Prajina Jaanaki”. She was also a designated partner in the 3^rd respondent LLP. The 2^nd respondent is another designated partner of the 3^rd respondent LLP. According to the applicant, she entered into a mutual agreement on 29.10.2021 with the 1^st respondent for investment in the business. A copy of the agreement is produced as Annexure A1. Subsequently a partnership deed was executed on 23.11.2021. A copy of the partnership deed is produced as Annexure A2. In Annexure A2, it is stated that the applicant had contributed Rs.20 lakhs. It is stated by the applicant that disputes arose between the parties regarding the business. A notice was issued on 06.02.2023 in this regard. Later the parties agreed to explore the possibility of a settlement. A meeting was held at Kochi on 28.02.2023 and an understanding was arrived at. Respondents agreed to pay a sum of Rs.18 lakhs to the applicant in full and final settlement of the claims. A copy of the agreement dated 16.06.2023 is produced as Annexure A4.

However, according to the applicant, the respondents failed to make the payment as agreed. Hence the applicant invoked the arbitr