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IN THE HIGH COURT OF JUDICATURE AT MADRAS
N.ANAND VENKATESH, J
M/s.Prime Store, Rep. by its Partner Mr.S.Kaarthi – Appellant
Versus
Sugam Vanijya Holdings Private Limited – Respondent
| Table of Content |
|---|
| 1. initial filing of arbitration petitions. (Para 1 , 2 , 3) |
| 2. factual basis of the lease agreement. (Para 5) |
| 3. arguments by petitioners. (Para 6 , 7) |
| 4. consideration of previous court order. (Para 8 , 9) |
| 5. court's analysis and evidence review. (Para 10 , 12 , 15 , 20 , 21) |
| 6. clarification on damages and liabilities. (Para 27 , 34) |
| 7. assessment of liquidated damages. (Para 36 , 50) |
| 8. final decision and modification of interest. (Para 79 , 81) |
COMMON ORDER
Arbitration O.P.(Com.Div.)No.257 of 2021 has been filed by respondent Nos.1, 2, 4 and 5 in the claim petition as against the award passed by the learned Arbitrator dated 22.3.2021.
2. Arbitration O.P.(Com.Div.)No.209 of 2022 has been filed by respondent Nos.3 and 6 in the claim petition as against the same award.
3. The first respondent in both the above original petitions was the claimant before the learned Arbitrator.
4. Heard the respective learned counsel on either side.
5. The facts leading to filing of the above original petitions are as follows:
(a) The first respondent/claimant is engaged in the business of developing and operating commercial projects and malls. During the course of business, they decided to devel
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