Mr.Praveen Reddy Charuku v. M/s.Ggs Information services Inc. and 2 others
Case brief
What is this about?
Court directed respondents to deposit Rs. 8.56 crore as fixed deposit with the second respondent, pending arbitration, submitting receipt to the appointed arbitrator.
What did the court decide?
Direction to respondents to deposit Rs. 8,56,16,889 by way of fixed deposit in the name of the second respondent within four weeks.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
THURSDAY, THE 7TH DAY OF OCTOBER 2021
THE HON'BLE MR. JUSTICE N.SATHISH KUMAR
Arb. Appln. No.196 of 2021
In the matter of Arbitration & Conciliation Act, 1996
and
In the matter of Disputes between Mr.Praveen Reddy Charuku and M/s. GGS Information Services Inc. and its Affiliates
and
In Respect of the amended and restated joint venture Agreement dated July 24, 2015.
Mr.Praveen Reddy Charuku, Plot 175, Road No. 4, Balamrai Society, Mahendra Hills, Secundrabad – 500 026.
Issues for consideration
1 issue framed by the court
Whether the respondents are directed to furnish security for the admitted claim amount pending arbitration.
Parties & counsel
- applicant
Mr. Praveen Reddy Charuku
- respondent
M/s. GGS Information Services Inc.
- respondent
M/s. GGS Information Services India Pvt. Inc.
- respondent
M/s. GGS Information Services India Pvt. Ltd.
Coram
Case details
As recorded by the court registry
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