SANJEEV SACHDEVA, J
1. The appellant has filed the present appeal under Section 37 of the
Arbitration & Conciliation Act (hereinafter referred to as ‘the Act’)
impugning the order dated 17.03.2015 whereby the learned Single Judge has
dismissed the objections filed by the appellant under Section 34 of the Act.
2. The respondent had booked a unit measuring 1500 sq. feet
approximately on the first floor of the IT/ITeS Complex called “GLOBUS”
being constructed by the appellant. As per the MOU dated 22.04.2008, the
total consideration was fixed at Rs. 32,25,000/-. The complex was to be
completed and the unit handed over by December 2009. The appellant
undertook to pay a sum of Rs. 77,250/- per month to the respondent w.e.f.
May 2008 up to the date of handing over of possession as the respondent had
made a one-time payment of the entire amount in advance.
Source: Indian Kanoon