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Madras High CourtA/8232/2017ordered

Artha Real Estate Corporation v. The Honble Mr.Justice

2017-12-15Honourable Dr Justice Anita Sumanth3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) FRIDAY, THE 15TH DAY OF DECEMBER 2017 THE HON'BLE DR. JUSTICE ANITA SUMANTH A.No. 8232 of 2017 in O.P.No.265 of 2016 In the matter of Arbitration and Conciliation Act 1996 (as amended) And In the matter of Marketing Agreement dated 09.12.2010 between the Petitioner and the Respondent.

Artha Real Estate Corporation Limited, (formerly, Artha Financial Services Limited) having Registered Office at No.110/37, Solitaire Building, Service Road, Outer Ring Road, Marathahalli, Bangalore-560 037 Represented herein by its authorized representative Mr.N.Balaji Naidu.

..Petitioner Vs Iswaryalaxmi Properties Private Limited Represented by its Managing Director Mr.D.L.Madhusudhan, having Registered Office at AF 2233/1, 11th Main Road, Anna Nagar, Chennai-600 040.

..Respondent A.No.8232 of 2017 Artha Real Estate Corporation Limited, (formerly, Artha Financial Services Limited) having Registered Office at No.110/37, Solitaire Building, Service Road, Outer Ring Road, Marathahalli, Bangalore-560 037 Represented herein by its authorized representative Mr.N.Balaji Naidu.

..Applicant/Petitioner

Vs

1. The Hon'ble Mr.Justice K.Venkataraman (Retd.,) The Sole Arbitrator residing at 'L' Blcok, No.125, 17th Street, East Anna Nagar, Chennai - 600102.

: 1st Respondent/Respondent

2. Iswaryalaxmi Properties Private Limited Represented by its Managing Director Mr.D.L.Madhusudhan, having Having Registered Office at AF 2233/1, 11th Main Road, Anna Nagar, Chennai-600 040.

: Respondent/Respondent Application praying that this Hon'ble Court may be pleased to extend the time for passing Arbitral Award in the subject Arbitration Proceedings, by a further period of six months.

This Application coming on this day before this Court for hearing in the presence of Mr.Santhosh Ukkur Advocate for the applicant herein and Ms.Dakshayani Reddy, Advocate for the respondent herein and upon reading the judges summons and the affidavit of A.Senthil Kumar, and joint memo filed herein and the order dated 29.04.2016 made in O.P.No.265 of 2016, It is ordered as follows:- That the interim order granted in pursuance of the order dated 29.04.2016 made in O.P.No.265 of 2016, for passing Arbitral Award in the subject Arbitration Proceedings, be and is hereby extended by six (6) months from the date of receipt of a copy of this order. WITNESS THE HON'BLE MS.INDIRA BANERJEE, CHIEF JUSTICE, HIGH COURT AT MADRAS AFORESAID, THIS THE 15th DAY OF DECEMBER 2017.

sd ASSISTANT REGISTRAR (O.S.II) //Certified to be true copy// Dated at Madras this the day of 2017. COURT OFFICER(O.S.) From 25th Day of September 2008 the Registry is issuing certified copies of the Orders/Judgments/Decrees in this format.

sk 18.12.2017 A.No. 8232 of 2017 in O.P.No.265 of 2016

ORDER

DATED:15.12.2017 THE HON'BLE DR.JUSTICE ANITA SUMANTH FOR APPROVAL: 18/12/2017 APPROVED ON: 20/12/2017 Copy to:

The Hon'ble Mr.Justice K.Venkataraman, Judge (Retd.), High Court, Madras, Sole Arbitrator residing at L-Block, No.125, East Anna Nagar, Chennai - 600101.