Ganga Jamna Sangam Co. Operative Housing Society Ltd. v. Parthesh Developers
Arbitration and Conciliation Act, 1996 – Section 9 petition
Case brief
What is this about?
Bombay High Court, Commercial Division (Somasekhar Sundaresan, J.), Commercial Arbitration Petition No. 417 of 2024 under Section 9 of the Arbitration and Conciliation Act, 1996, decided May 5, 2025: Ganga Jamna Sangam Co Operative Housing Society Ltd. v. Parthesh Developers & 2 Ors. Disposed of on consent — society takes over balance redevelopment; developers retain Flat No. B-604 with sale proceeds; flat purchasers' obligations honoured with residual compensation to the society; Shri Shakun Realty Private Limited added as proposed Respondent; Consent Terms treated as undertakings to the Court. Useful for consent-based disposal of Section 9 petitions, redevelopment disputes, and joinder of proposed respondents.
What did the court decide?
Petition under Section 9 of the Arbitration and Conciliation Act, 1996 finally disposed of in terms of Consent Terms dated May 5, 2025: Petitioner-Society takes over balance development of the property; Respondent-Developers receive Flat No. B-604 and have no claims against the Petitioner-Society subject to receipt of such flat; obligations to flat purchasers listed at Annexure A to be respected with residual compensation received by the Petitioner-Society; Shri Shakun Realty Private Limited recognized as proposed Respondent; undertakings in the Consent Terms treated as undertakings to the Court; Consent Terms marked 'X' and taken on record.