IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA,THE HONOURABLE JUSTICE B.R.MADHUSUDHAN RAO
M/s. Corvine Chemicals and Pharmaceuticals Private Limited – Appellant
Versus
Srinivasulu Kanday – Respondent
THE HON’BLE JUSTICE MOUSHUMI BHATTACHARYA AND THE HON’BLE JUSTICE B.R. MADHUSUDHAN RAO Counsel for the appellants: Sri M.Ravindranath Reddy, learned Senior Counsel representing Sri B.Srinarayana.
Counsel for the respondent Nos.1,2 and 4 to 7: Sri Sunil B. Ganu, learned Senior Counsel representing Smt.Manjari S. Ganu. JUDGMENT:(per Justice Moushumi Bhattacharya)
The present Commercial Court Appeal arises out of a docket order dated 11.12.2024 passed by the learned Commercial Court at Hyderabad on an application filed by the appellants under section 9 of The Arbitration and Conciliation Act, 1996 (the 1996 Act) i.e.,I.A.No.260 of 2024 in COP.No.100 of 2024. The appellant filed the COP.No.100 of 2024 for restraining the respondent Nos.1 – 7 from causing any changes to the rights of the petitioners in two projects of the respondent No.7 LLP : “SreeSumeru” and “SreeTatva”.
2. The appellants filed the I.A for interim protection in line with the orders passed by this Court on 11.09.2024 as modified by orders dated 27.09.2024 and 01.10.2024. In the alternative, the petitioners sought continuation of the order dated 11.09.2024 till constitution of the Arbitral Tribunal or orders passed by the
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