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2025 DAILYLAW 22075 (KAR)

M/S. N D PROPERTIES PVT LTD v. SRI.KUMAR

CMP/219/2022 · 2025-01-24

Sachin Shankar Magadum

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - NC: 2025:KHC:3279 CMP No. 219 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JANUARY, 2025 BEFORE THE HON'BLE MR JUSTICE SACHIN SHANKAR MAGADUM CIVIL MISC. PETITION NO. 219 OF 2022 BETWEEN: M/S. N.D. PROPERTIES PVT. LTD. A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT HAVING ITS OFFICE AT NO.398 2ND FLOOR, 7TH CROSS, MICO LAYOUT, BTM 2ND STAGE, REPTD. BY ITS MANAGING DIRECTOR M.K.K. DURANI …PETITIONER (BY SRI. RAVIKUMAR M., ADVOCATE) AND: 1. SRI. KUMAR S/O LATE CHENNAMARAIAH AGED ABOUT 40 YEARS 2. SRI. RAGHAVENDRA S/O LATE CHENNAMARAIAH AGED ABOUT 37 YEARS 3. SRI. THIMMARAJU S/O LATE SRI CHENNAMARAIAH AGED ABOUT 35 YEARS ALL ARE RESIDING AT BABASAHEBARA PALYA, BASAVESHWARANAGAR, KENGERI HOBLI, BANGALORE SOUTH TALUK, BANGALORE - 560 060 …RESPONDENTS (BY SMT. RAKSHITHA D.J. ADVOCATE) Digitally signed by AL BHAGYA Location: HIGH COURT OF KARNATKA - 2 - NC: 2025:KHC:3279 CMP No. 219 of 2022 THIS CIVIL MISC. PETITION IS FILED UNDER SECTION 11(6)(a) OF ARBITRATION AND CONCILIATION ACT, 1996 PRAYING TO APPOINT AN ARBITRATOR TO RESOLVE THE EXISTING DISPUTE BETWEEN THE PARTIES HEREIN IN THE TERMS OF ARBITRATION CLAUSE CONTAINED IN THE MOU DATED 24.04.2008. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE SACHIN SHANKAR MAGADUM ORAL ORDER This Civil Miscellaneous Petition is filed under Section 11(6)(a) of the Arbitration and Conciliation Act, 1996 (for short 'the Act') seeking appointment of sole Arbitrator to resolve the dispute and difference between the parties in terms of Joint Development Agreement dated 24.04.2008 evidenced at Annexure-A. 2. Today, learned counsel for the parties have filed a joint compromise petition indicating that the matter has been settled out of Court. Said joint compromise petition is taken on record. - 3 - NC: 2025:KHC:3279 CMP No. 219 of 2022 3. In view of settlement, the civil miscellaneous petition stands dismissed as withdrawn. Sd/- (SACHIN SHANKAR MAGADUM) JUDGE CA List No.: 3 Sl No.: 65