paper book and of the view that so far as the contention with regard to jurisdiction of the Principal Court at Mohali is concerned, it does not have any substance and force, for, on perusal of the Minutes of the Meeting dated 11.07.2016 (Annexure P-7), it is evident that the meeting had been held at the company's office located at 205, Golden Square, Ambala Chandigarh Highway, Zirakpur, Greater Mohali, Punjab and therefore, the Principal Court at Mohali, prima facie, would have jurisdiction to entertain and try any petition but the fact remains that whether it would have jurisdiction to try any application under Section 9 of the Arbitration and Conciliation Act, 1996, much less, at the behest of the shareholder would be a question of law to ponder upon as minutes reveals resolution of dispute vide arbitration. Since the matter is listed before the Principal court for 26.07.2016 instead of calling the other side by issuing notice, I deem it appropriate to issue direction to the Principal Court to decide the application bearing No.2376 of 2016 as expeditiously as possible and preferably within a period of one week from the date fixed i.e. 26.07.2016 viz-a-viz; the locus standi of the respondent to file the petition, whether the allegations of alleged fraud being raised by respondent No.1 in the aforementioned petition can be referable to the Arbitrator or not. The appellant shall be at liberty to take all legal objections/maintainability of application etc. and the Principal Court shall decide the same in accordance with law.
