HONOURABLE SRI JUSTICE K. LAKSHMAN ARBITRATION APPLICATON No.270 OF 2024

ORDER

Heard Sri Vimal Varma Vasi Reddy, learned counsel for the Applicant, and Sri E. Venkata Siddhartha, learned counsel for the Respondents.

2. The present Arbitration Application is filed under Section 11 (5) and (6) of the Arbitration and Conciliation Act, 1996 (hereinafter ‘the Act, 1996’) for appointment of a sole arbitrator to adjudicate the disputes between the Applicant and Respondents.

FACTS:-

3. M/s Navayuga Legala Estates Private Limited (NLEPL), a group company of Navayuga Group, is the Applicant herein. It was in possession of land admeasuring Ac.25.10 guntas in Sy.No.82(p), 83(p) and 84(p) (opposite new municipal office, old Mumbai Highway, Serilingampally Village, Mandal and Municipality, Ranga Reddy District (hereinafter referred to as ‘subject property’).

4. 2^nd respondent intended to enter into a Joint Development Agreement for development of the subject property as a freehold land after its de-notification from SEZ in all respects. 2^nd respondent requested the Applicant to act as a facilitator to facilitate the de- notification of the subject land from SEZ under the applicable laws thereby to e