THE HONOURABLE SRI JUSTI CE P.SAM KOSHY ARBI TRATI ON APPLI CATI ON No.42 of 2022

ORDER:

The instant Arbitration Application has been filed by the applicant under Section 11(5) of the Arbitration and Conciliation Act, 1996 (for short ‘the Act’) seeking for appointment of an Arbitrator so as to resolve the disputes and claims raised by the applicant against the respondents.

2. Heard Mr. P.Raja Sripathi Rao, learned Senior Counsel for the applicant; Mr. Maruti Rao Srungarapu, learned counsel for respondent No.1, Mr. K.S.Srinivasa Rao, learned counsel for respondent No.2, and Mr. C.Nagaiah, learned counsel for the proposed respondents.

3. In the course of perusal of the documents enclosed along with the Arbitration Application, it is found that there was a Memorandum of Understanding (for short ‘MoU’) entered into between the applicant and respondent Nos.1 and 2 which was executed on 02.11.2020, and on the same day, there was yet another agreement of sale entered into between the same parties. Down the line, there appears to be some disputes that arouse between the parties and in the process neither the agreement of sale, nor the MoU could be executed. Therefore, for redressal of the dis