1. The present petition has been filed by petitioner seeking appointment
of a Sole Arbitrator under the provisions of Section 11 of the Arbitration and
Conciliation Act, 1996, in terms mentioned in lease deed dated 19.02.2019,
executed between the parties.
2. The dispute inter se parties pertains to Building No. 10, Ground Floor,
Local Shopping Centre, Madangir, Delhi – 110062, measuring 1974 sq. ft.
super built up area and 1230 sq. ft. carpet area owned by the petitioner,
which was leased out to respondent, who is engaged in the business of
ARB.P. 549/2021 Page 1 of 4
fitness, health care, fitness sports training, café/food retailing, yoga and
meditation centres, vide registered lease deed dated 19.02.2019, for a period
of 09 years with effect from 01.02.2019. In terms of the aforesaid lease
deed, neither petitioner/lessor nor respondent/lessee had a right to terminate
the lease within locking period except on account of a force majored event
which was described in para 24 of the said lease.
Source: Indian Kanoon