HONOURABLE SRI JUSTICE B. VIJAYSEN REDDY ARBITRATION APPLICATION No.306 OF 2024 ORDER : (ORAL)

This application is filed seeking to appoint a sole arbitrator for resolving the disputes between the applicant and the respondent arising out of the Development Agreement-cum-General Power of Attorney (DAGPA) dated 04.03.2006.

2. It is claimed that the applicant is the owner of the plot admeasuring 2843 square yards in Survey No.70, situated at Lingampally Village, Ranga Reddy District. The respondent is involved in real estate business and entered into the development agreement dated 04.03.2006 with the applicant on the pretext of developing the subject property. The parties agreed for various terms and conditions under the DAGPA. The case of the applicant is that even after seventeen (17) years from the date of DAGPA, the respondent has not taken any steps to develop the subject property. The respondent has not obtained necessary permission and clearances from the various authorities and has not acted upon the DAGPA. Thus, the said agreement is deemed to be cancelled, as such, the applicant issued notice dated 18.09.2018 to the respondent to cancel the DAGPA. The said notice was served o