Sri. Peddaboina Srinivas, v. M/s RAINBOW DEVELOPERS,
Court: High Court for State of Telangana
Bench: P.SAM KOSHY
Judgment date:
Case summary
High Court for State of Telangana judgment dated 2026-04-16. Sri. Peddaboina Srinivas, v. M/s RAINBOW DEVELOPERS,. Read the judgment and case details on...
Judgment text
[ 3378 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYOERABAO THURSDAY, THE SIXTEENTH DAY OF APRIL TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE P. SAM KOSHY ARBITRATION APPLICATION NO: 8 OF 2025 Between: Sri. Peddaboina Srinivas, S/o Sri. Peddaboina Balaiah, Aged 55 years, Occ: Business, R:/o H. No. 5-20512, Kummari Basthi, Patancheru Village and Mandal, Sanga Reddy District ... APPLICANT AND M/s Rainbow Developers, A Registered Partnership Firm vide Reglskation No. 2872 ol 2017, Having its business at H. No. 15-3'1-RTP-1-N11-D/07102, ln Sy. No. 1009/1, Raintree Park, (Malaysian Township), Phase-V, KPHB Colony, Kukatpally, Hyderabad - 500072. Represented by its Managing Partner, N. V. Narasimham S/o Nalluri Ramanaiah, Age: 40 Years, Occ: Business, R/o H. No. 15-31-RTP-1-1-N11- DlO7l02, in Sy. No. 1009/'t. Raintree Park, (Malaysian Township), Phase-V, KPHB Colony, Kukatpally, Hyderabad-500072. ...
RESPONDENT Arbikation Application under Section 11(5) (6) of the Arbikation and Conciliation Act 1996, read with Scheme for Appointment of Arbitrators, 1996 praying that the High Court may be pleased to appoint a Sole Arbikator U/S 11 (5) and (6) of Arbitration and Conciliation Act, 1996, read with Scheme of Appointment of Arbitrators, 1996, under clause XXIV of the Development Agreement Cum General Power of Attorney dl. 12. 10. 2018 for adiudicating the dispute between the applicant and the respondents herein. Counsel for the Applicant: Sri. Basa Chanakya Counsel for the Respondent: -- The Court made the following: ORDER IN THE HIGH COT]RT FOR THE STATE OF TELANGANA AT HYDERABAD ,THE HONOURABI,E SRI JUSTICE P. SAM KOSHY ARBITRAI'lON APPLICATION No. tl of 2025 DATE: 16. 04. 21126 Betwccn: Sri. Pcddaboina Srinivas, S/o Sri. Peddaboina Balaiah. . . . Applicant ANT) M/s. Rainbow Dcvelopers. ... Respondent ORDI]R: ('hanakva. Mr.
Rasa learned counsel tbr the applicant subrnits that the pafties have resolvcd thcir disputes by *,ay of settlernent and thereforc prays fbr withclrarval ol the instant Arbitration Application reservirrg the righL to approach the Cour-t alresh in the cvent if the settlement is not intplcmcnted in its letter and spirit (iranting 2. liber-ty as sought for, the instant Arbitration Application stands clismissecl as withdrawrr - r irl3l \. . \ a\. \ petitions pending if any, shall stand 3. As a sequel, miscellaneous as to costs' closed. However. there shall be no ordcr Sd/- T. KRISHNA KUMAR JOINT REGISTRAR /rTRuE coPY/t / (? SECTION OFFICER To [OPUC] 1 . One CC to Sri. Basa Chanakya' Advocate 2 Two CD CoPies pr F- HIGH COURT PSK, J DATED: 1610412026 -i'=-'-::a-:! -,-- - 3In;ii:\a . -iilFri v '. 'i. ,, . W ,it <r- '(. '. ,, . :i5' L. ? 126 ii3 ? r APt\ ii'; ',i . - i. l ORDER " i. '. , ' .. ;' . 11 ' . '* 't -+ ARBAPPL. No.
8 of 2025 DISMISSING THE ARBITRATION APPLICATION AS WITHDRAWN LAC"q<ex &'ffi
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