Dismissed

Sbpl Infrastructure Ltd. v. Future Lifestyle Fashions Ltd.

Telangana HC12 Jan 2024ARBAPPL/211/2022

Case brief

AI extract

What is this about?

An application under Section 11 of the Arbitration Act, 1996, seeking appointment of an arbitrator, was dismissed as withdrawn. The applicant sought leave to withdraw based on an earlier order of the NCLT regarding an insolvency proceeding.

What did the court decide?

Application dismissed as withdrawn. Miscellaneous petitions pending in revision shall stand closed.

Sbpl Infrastructure Ltd. Vs Future Lifestyle Fashions Ltd. — Arbitration | Telangana HC (2024)

¶1

[³¹⁶⁸ I

¶2

IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD

¶3

FRIDAY, THE TWELFTH DAY OF^JANUARY TWO THOUSAND AND TWENTY^FOUR

¶4

PRESENT

¶5

THE HON'BLE SRI JUSTICE K.LAKSHMAN

¶6

ARBITRATION APPLICATION No:²¹¹ ot²⁰²²

¶7

Between:

¶8

SBPL lnfrastructure Ltd. A company^{registeredunder Companies Act having its} office at I -2-672, G.S.Plaza, Rdad^{No. i, Banjara Hills, Hyderabad, Represented} bv its Authorised Siqnatorv Sri. Manoi Sharma^{S/o late S.M Sharma,Age: 53} yi:ars, Occ: Businesi,^PUo'. 1O2, Vansh Resrdency 8^{-1-6 10/68/5, Road No.10,} Ban.iara Hills, Hyderabad.

¶9

...Applicant

¶10

AND

¶11

Future Lifestyle Fashions Ltd., Knowledge House, Shamnagar,^{Off.Jogeshwari} Vikhroli Link Road, Joge shwari^(East), MUNIBAI 400060 Represented^{by its} Authoriosed signatory MV. Raja Rio Email lD: [email protected]

¶12

...Respondent

¶13

Arbitration Application^praying Under^{Section 11 (5) & (6) of the Arbitration&} Conciliation Act, 1996 read with^{para (1} )^{(c) of the Scheme for Appointment of} Arbitrators, 2000, that this^{Hon'bleCourt may be pleasedto appoint an} Arbitrator, preferably a Retired Judge^{of this Hon'ble High Court,underclause 5} (xxiv) of the Lease deed dated 05-02-2014 on behalf of^{the respondent,on} account its failure to nominate^{an arbitratoron its behalf,to jointlydecide the} presiding arbitrator along with Hon'ble Justice Challa Kodanda^{Ram(Retd), who} has been nominated by the applicant^{and to adjudicate all the disputes between} the applicant and the respondents^{in the facts and circumstancesof the case.}

¶14

Counsel for the Petitioner: SRI AMRUTH^{KIRAN, representing}

¶15

SRI VENKAT PRASAD UKKALAM

¶16

Counsel for the Respondent: None Appeared

¶17

The Court made the following: ORDER

¶18

THE HONOURABLE SRI JUSTICE K.LAKSHMAN

¶19

Arbitration Aonlication No.211 OF 2022

¶20

ORDER

¶21

Sri Amruth Kiran, leamed counsel representing Sri Venkat Prasad Ukkalam, leamed counsel for the applicant has produced a copy of order dated 04.05.2023 passed in CP No.(IB) 959/2022 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by the National Company Law Tribunal, Mumbai Bench.

¶22

In the light of the said order, learned counsel for the applicant seeks permission of this Court to withdraw this application. He has also made endorsement on the bundle to the said affect.

¶23

Recording the said submission, this application is dismissed as withdrawn.

¶24

As a sequel, the miscellaneous petitions, if any, pending in the revision shall stand closed.

¶25

SD/- K. SRINIVASA RAO JOINT REGISTAAR //TRUE COPY// SECTION OFFICER

¶26

To, 1. One CC to SRI VENKAT PRASAD UKKALAM, Advocate [OPUC] 2. Two CD Copies

kam MY^V

I I i

HIGH^COURT

DATED:1210112024

I r AT E o
a
x s I[\ $1q l>
fcto
.1t
s
+ t:

¶32

ORDER

¶33

ARBAPPL.No.211^{of 2022}

¶34

THIS APPLICATION^IS DISMISSED AS WTHDRAWN

¶35

/-(^cf5t4

¶36

\o^,--

¶37

,-y

Sbpl Infrastructure Ltd. v. Future Lifestyle Fashions Ltd.

Case brief

What is this about?

What did the court decide?

Sbpl Infrastructure Ltd. v. Future Lifestyle Fashions Ltd.

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

Similar cases

Modala Mallesh Vs K. Subramanyam

Kashaboina Rama Vs Sri. Rahul Bojja, Ias.

P.Rohith Reddy Vs M.Bhujanga Reddy

D. Ram Reddy Vs a. Jagadeeshwar

Malladi Malla Reddy Vs K. Raghavulu

Golla Kistamma Vs Sri Narayana Reddy