Dismissed

M/S. Trilokesh Smart Homes v. M/S. Glenloch Properties LLP

Karnataka HC2 Sept 2021CMP/20/2021

Case brief

AI extract

What is this about?

In this civil miscellaneous petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, the petitioner sought appointment of an arbitrator. The court allowed the petitioner to withdraw the petition as the parties had settled out of court via an MoU dated 12.08.2021 and dismissed the matter as withdrawn.

What did the court decide?

Petition dismissed as withdrawn on terms of a settlement agreement executed between parties.

M/S. Trilokesh Smart Homes Vs M/S. Glenloch Properties LLP — Arbitration | Karnataka HC (2021)

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 02^ND DAY OF SEPTEMBER, 2021

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BEFORE

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THE HON'BLE MR. JUSTICE M. NAGAPRASANNA

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CIVIL MISCELLANEOUS PETITION No.20/2021

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BETWEEN

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M/S. TRILOKESH SMART HOMES A PARTNERSHIP FIRM, HAVING ITS REGISTERED OFFICE AT NO.27/75/3, SOUTH PARK ROAD, NEHRU NAGAR, SHESHADRIPURAM, BENGALURU – 560 020, REPRESENTED BY ITS PARTNER MR. PRASHANT MEHTA.

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... PETITIONER

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(BY SRI GIREESHA KODGI, ADVOCATE (VIDEO CONFERENCING))

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AND

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M/S. GLENLOCH PROPERTIES LLP A LIMITED LIABILITY PARTNERSHIP FIRM, HAVING ITS REGISTERED OFFICE AT SY. NO. 58, GULIMANGALA VILLAGE, SARJAPURA HOBLI, ANEKAL TALUK, BENGALURU – 560 106, REPRESENTED BY ITS MANAGING PARTNER, MS. KIRAN MUZUMDAR SHAW.

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M/S. SRI KRISHNA CONSTRUCTIONS INDIA LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, HAVING ITS REGISTERED OFFICE AT

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NO.224, 3^RD FLOOR, S.S. COMPLEX, 14^TH CROSS, SAMPIGE ROAD, MALLESWARAM, BENGALURU – 560 003, REPRESENTED BY ITS MANAGING DIRECTOR, MR. KAILASH DUBAL.

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... RESPONDENTS

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THIS CIVIL MISCELLANEOUS PETITION IS FILED UNDER THIS CIVIL MISCELLANEOUS PETITION IS FILED UNDER SECTION 11(6) OF THE ARBITRATION AND CONCILIATION ACT, 1996, PRAYING TO

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a) APPOINT A SOLE ARBITRATOR TO ENQUIRE INTO AND PASS AN AWARD IN THE DISPUTE BETWEEN THE PETITIONER AND THE RESPONDENTS AS PER CLAUSE 18 OF THE AGREEMNT OF SALE DATED 12/08/2020 AS PER ANNEXURE - A.

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b) AWARD THE COSTS OF THIS PETITION, AND

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c) ANY OTHER APPROPRIATE RELIEF.

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THIS CIVIL MISCELLANEOUS PETITION COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING:

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ORDER

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Learned counsel for the petitioner has filed a memo

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seeking permission of this Court to withdraw the petition on the ground that the parties have arrived at settlement, out of the Court in terms of Memorandum of Understanding dated 12.08.2021, executed by them.

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The memo is placed on record. The civil miscellaneous

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petition is dismissed as withdrawn.

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Sd/JUDGE

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nvj CT:MJ

M/S. Trilokesh Smart Homes v. M/S. Glenloch Properties LLP

Case brief

What is this about?

What did the court decide?

M/S. Trilokesh Smart Homes v. M/S. Glenloch Properties LLP

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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