SBPL Infrastructure Ltd. v. Future Lifestyle Fashions Ltd.,
Court: High Court for State of Telangana
Bench: K.LAKSHMAN
Judgment date:
Case summary
High Court for State of Telangana judgment dated 2024-01-12. SBPL Infrastructure Ltd. v. Future Lifestyle Fashions Ltd.,. Read the judgment and case details...
Judgment text
I I j [ 3168 I IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD FRIDAY, THE TWELFTH DAY OF JANUARY TWO THOUSAND AND TWENTY FOUR PRESENT THE HON'BLE SRI JUSTICE K. LAKSHMAN ARBITRATION APPLICATION No: 211 ot 2022 Between: SBPL lnfrastructure Ltd. A company registered under 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. ... Applicant AND Future Lifestyle Fashions Ltd. , Knowledge House, Shamnagar, Off. Jogeshwari Vikhroli Link Road, Jogeshwari (East), MUNIBAI 400060 Represented by its Authoriosed signatory MV. Raja Rio Email lD: kishore. bivani@futureqroup. in ...
Respondent Arbitration Application praying Under Section 11 (5) & (6) of the Arbitration & Conciliation Act, 1996 read with para (1 (c) of Scheme for ) the Appointment of pleased to an Arbitrators, 2000, that this Hon'ble Court may be appoint I under 5 Arbitrator, preferably a Retired Judge of this Hon'ble High Court, clause (xxiv) of the Lease deed dated 05-02-2014 on behalf of the respondent, on account its failure to nominate an arbitrator on its behalf, to jointly decide 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 circumstances of the case. Counsel for the Petitioner: SRI AMRUTH KIRAN, representing SRI VENKAT PRASAD UKKALAM Counsel for the Respondent: None Appeared The Court made the following: ORDER THE HONOURABLE SRI JUSTICE K. LAKSHMAN Arbitration Aonlication No.
211 OF 2022 ORDER 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. 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. Recording the said submission, this application is dismissed as withdrawn. As a sequel, the miscellaneous petitions, if any, pending in the revision shall stand closed. SD/- K. SRINIVASA RAO JOINT REGISTAAR //TRUE COPY// SECTION OFFICER To, 1. One CC to SRI VENKAT PRASAD UKKALAM, Advocate [OPUC] 2.
Two CD Copies kam V MY HIGH COURT DATED:1210112024 rAT I E o a t $1q l> f I[\ x s c o . 1t s + t: I I ORDER i of 2022 ARBAPPL. No. 211 IS THIS APPLICATION DISMISSED AS WTHDRAWN cf5t4 /-( \o^,-- ,-y
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