Golden Chariot Recreations … vs Mukesh Panika & Anr. on 23 July, 2018

1. The petitioner has filed the present petition under Section 11 of
the Arbitration and Conciliation Act, 1996 (hereafter ‘the Act’), inter
alia, praying that an independent arbitrator be appointed to adjudicate
the disputes between the parties. The petitioner relies on an arbitration
clause as contained in the Supplementary Deed of Partnership dated
09.07.2012.

2. The petitioner claims to be a constituent partner of a partnership
firm named Integration 2020 Developers (hereafter ‘the Firm’). It is
claimed that the petitioner owns a 50% stake in the Firm and its assets
including the property bearing Municipal No.H-5/6 to H-5/10,

ARB.P. 143/2018 Page 1 of 11
Municipal Ward No.1, opposite Qutub Minar, Mehrauli, New Delhi
with adjoining land admeasuring 1038 square yards. The said property
is located opposite Qutub Minar and is popularly known as ‘Qutub
Colonnade’ (hereafter ‘the property’).

Source: Indian Kanoon

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