[VIA VIDEO CONFERENCING]
1. Ashiana Infrabuild LLP – the Petitioner herein – by way of the instant
petition under Section 11(6) of the Arbitration and Conciliation Act, 1996
[hereinafter referred to as ‘the Act’], seeks appointment of the Arbitral
Tribunal for adjudication of the disputes arising out of certain agreements
between the parties.
2. The brief facts that are necessary for the disposal of the present petition
are as follows:
2.1. The parties herein entered into a Joint Venture Agreement dated 24 th
ARB. P. 398/2020 Page 1 of 10
March, 2011 [hereinafter referred to as ‘JVA’] for the re-
development/reconstruction of a residential project in Mumbai.
2.2. As a result of certain issues arising therein, a Cancellation Agreement
dated 1st April, 2017 [hereinafter referred to as ‘CA’] was executed, by
virtue whereof, the JV, along with all the rights and obligations arising
thereunder, stood cancelled.
Source: Indian Kanoon