THE HON’BLE SRI JUSTICE T. VINOD KUMAR ARBITRATION APPLICATION No. 138 of 2018

ORDER

The present Arbitration Application is filed under Section

11(5) & (6) of the Arbitration and Conciliation Act, 1996 (hereinafter 'the Act, 1996') for appointment of an arbitrator to resolve the disputes between the parties.

2. Heard Sri. Srinivas Velagapudi, learned counsel for the applicant, Sri. Raj Kumar Grandhi, learned counsel for the Respondent No.1, Sri. C. Raghu learned Senior Counsel appearing for Respondent No.2, Sri. J. Prabhakar, learned Senior Counsel appearing for Respondent No. 3, Sri. M. Pramod, learned counsel for Respondent No. 4, Sri. R. Harish, learned counsel for Respondent No. 5 and Sri. P. Suresh Kumar learned counsel for Respondent No. 6. Perused the Record.

3. The applicant contends that it had entered into a Development Agreement-cum-General Power of Attorney (for short ‘DGPA’) on 31.07.2007 vide Document No. 12233 of 2007 with respondent No.5, for development of land admeasuring Ac.10-20 Gts in Sy. No. 16 of Guttala Begumpet Village, Serilingampally Mandal, Ranga Reddy District; that at the request of the Respondents, the Applicant herein had paid a sum of Rs. 1,95,00,000/-