Ultra Lifespace Private Limited Director Jignesh Shah v. Pyramid Developers
Case brief
What is this about?
Ultra Lifespace Private Limited v Pyramid Developers; Bombay High Court, Ordinary Original Civil Jurisdiction; Arbitration Petition No. 207 of 2025 with Arbitration Application No. 106 of 2025 and Arbitration Petition (L) No. 19439 of 2024; order dated July 10, 2025 by Somasekhar Sundaresan, J.; Sections 9, 11, 17, 11(8) and 12(1) of the Arbitration and Conciliation Act, 1996; appointment of sole arbitrator (Justice (Retd.) Akil Kureshi); conversion of Section 9 petitions into Section 17 applications; continuation of pro tem ad interim arrangement over Flat Nos. 602, 603 and 804; cross petitions under same agreement; no contest on existence of arbitration agreement; statutory disclosure by arbitrator; equal arbitral costs; merits kept open; real estate/flat dispute between developer and lifespace company.
What did the court decide?
Both Section 9 petitions converted into Section 17 applications with existing pleadings retained; Justice (Retired) Akil Kureshi appointed Sole Arbitrator; the pro tem ad interim arrangement over Flat Nos. 602, 603 and 804 continued for a further four weeks; Sole Arbitrator to forward statutory Statement of Disclosure under Section 11(8) read with Section 12(1) within two weeks; parties to communicate copy of order to the arbitrator within one week; arbitral costs and fees borne equally in the first instance, subject to final award on costs; all merits issues kept open.