- 1 - HC-KAR NC: 2025:KHC:41497 CMP No. 323 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF OCTOBER, 2025 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ CIVIL MISC. PETITION NO. 323 OF 2023 BETWEEN: CONCORDE HOUSING CORPORATION PVT. LTD., A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE INDIAN COMPANIES ACT, 1956, HAVING ITS OFFICE AT: NO. 46/A, 1ST MAIN, 3RD PHASE, J. P. NAGAR, BENGALURU-560 078. REP. BY ITS DIRECTOR, MR. B. S. NESARA. …PETITIONER (BY SRI SHAMANTH S N, ADVOCATE) AND: 1. MR. R. PRABHAKAR REDDY, S/O N. RAMAREDDY, AGED ABOUT 60 YEARS. 2. MRS. L. ROOPA, WIFE OF R. PRABHAKAR REDDY, AGED ABOUT 40 YEARS. 3. MS. P. JAHNAVI, D/O R. PRABHAKAR REDDY, AGED ABOUT 19 YEARS. ALL THE ABOVE PERSONS ARE R/AT SOPPAHALLI VILLAGE, KASABA HOBLI, ANEKAL TALUK, BANGALORE URBAN DISTRICT-562 106. …RESPONDENTS (R-1 TO R-3 SERVED) Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:41497 CMP No. 323 of 2023 THIS CIVIL MISC. PETITION IS FILED UNDER SEC.11(6) OF THE ARBITRATION AND CONCILIATION ACT 1996, PRAYING THAT THIS HON'BLE COURT MAY BE PLEASED TO (A) APPOINT A SOLE ARBITRATOR TO ADJUDICATE THE DISPUTES BETWEEN THE PETITIONER AND RESPONDENTS WITH REFERENCE TO THE DISPUTES ARISING OUT OF THE JOINT DEVELOPMENT AGREEMENT DATED 07/08/2014 IN TERMS OF CLAUSE 24 THEREIN AT ANNEXURE-B. THIS PETITION, COMING ON FOR FINAL HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following reliefs; a. "Appoint a sole arbitrator to adjudicate the disputes between the Petitioner and the Respondents with reference to the disputes arising out of the Joint Development Agreement dated 07/08/2014 in terms of clause 24 therein at Annexure-B; b. Grant such other relief/s as this Hon'ble Court may deem fit under the facts and circumstances of the case, in the interest of justice and equity." 2. A memo dated 17.10.2025 has been filed and signed by the petitioner and learned counsel for the petitioner, which reads as under; MEMO REPORTING SETTLEMENT The undersigned counsel for the Petitioner most respectfully submits as follows: - 3 - HC-KAR NC: 2025:KHC:41497 CMP No. 323 of 2023 1. The Petitioner had preferred the present Petition seeking for appointment of a Sole Arbitrator to adjudicate the disputes between the Petitioner and the Respondents with reference to the disputes arising out of the Joint Development Agreement dated 07/08/2014 in terms of clause 24 therein at Annexure-B. 2. Subsequently, the parties herein have settled the dispute arising out of the Joint Development Agreement dated 07/08/2014 out of court. Wherefore, it is most humbly prayed that this Hon'ble Court may be pleased to dismiss the above Petition as settled out of court, in the interest of justice and equity. 3. Accepting the said memo, the petition is dismissed as settled out of the Court. SD/- (SURAJ GOVINDARAJ) JUDGE SR List No.: 1 Sl No.: 42