ARBAPPL/182/2025 of Devang Hasmukh Patel Vs Raja Sanmugam on 12 June 2026

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD

FRIDAY, THE TWELFTH DAY OF JUNE

TWO THOUSAND AND TWENTY SIX

PRESENT

THE HONOURABLE SRI JUSTICE K.LAKSHMAN

ARBITRATION APPLICATIO N NO: 182 OF 2025

Between:

Devang Hasmukh Patel,29 DerbyWay, Bloomington, lllinios 61704' USA

Also at:

5 A, Hari Har Soci

013 Gujarat, lndia

Attorney holder Mr Hasmkuhbhai Kalidas Patel)

...APPLIGANT

AND

Raja Sanmugam,

Sadguru lmage C4

Madhapur, ShaikP

And also at

Plot No. 241 , 3

Hyderabad-50008

And also. at

Flat No. 2o2, Plol No. 1428 and 1429, Sai Residency, Raja Rajeshwara Nagar, oJ".

'V""f.rirra-nlana Tata Motors Service Station, Serilingampally 500084

Motile +9t 83418h6660, +91 8'179546830 E-mail raj@techclouderp'com

...RESPONDENT

Arbitration Rpplication filed Under Section 11 (6) of the Arbitration and Conciliation Act, 1996 fl/w Para(l) (c) of the Scheme for Appointment of Arbitrators 1996 praying that in the circumstances stated in accompanying affidavit this Hon'ble CourtmaybepleasedtoappointaSoleArbitrator,intermsofclauseNo.l3.5ofthe Share Purchase Agreement dated 04.06 2024'

Counsel for the Petitioner: Sri' Harshavardhan Abburi Jtr. a"nina Nav Guiarat College, Usmanpura, Ahmedabad 380

Elmail: devangpatel@aksharplastic.com (Through its Power of Having its address at Office Unit No' 705, 7th Floor, Jain pital P"ark, lmage Gaden Road, VIP Hill, Survey No 72(Part)'

Hyderabad - 580081

Floor, WG Elite Developers, Kavuri Hills, Madhapur'

Gounsel forthe Respondent: Sri' Malipeddi Srinivas Reddy The Court made the following: ORDER

l\ -tHU t{lGH COtrRl' F'OR'l'lM S'tA'l'E OF TELANGANA

A'l': HYDIiRABAD

HON'BLE SRI JUSTICE K. LAKSHMAN

ARBIl'RA'tlO\ n PPI-ICATION No.l82 OF 2025

l)A'l'E: 12-06-2026

Befw een

Mr. Dcr anc llasnrul<h Patcl

.. Applicant

Mr. Ra ja S anrnugant

Respondent

l his Court delirered the following

ORDITR (ORAl,)

llcard Mr. Ilarshrvardhan Abburi. lcarned counsel lor the applicant aud \1r. \lalrpccldi Srinir as Reddy, Iealned counsel fbr the r-esporden t rc'spondcnL. ()n rcceipt ol'the sarcl arroLrnt. the respondent has to

l. Both thc applicant and thc respondent have entered into SI'rare Pr-r'chase .A,greemcnt dated 04.06.2024 on the specific terms and conditions rnt'ntionecl therein. As per the sai(l agreement, the responcit-nt agrcud to scll sharcs to the applicant. ,\ccordingly, the applicant has paid approxirlatt'ly an arroLlnt Rs.4.50 Crores to thc [rauslcr ii 0 0,'o shalcs in tirour ol'the applicant. ]laving receivcd the said amo-rnt of lts.,l.50 Crores approximately by the respondent, Kl .l \rh .\pn.\o ltil ol 1025

instead of transt'erring 80% of the shares in f-avour of the applicant'

the respondent is demanding llrther an amount of Rs l 50 Crore'

Thus, according to the applicant' there are disputes between the applicant and the respondent' Therefore' he issued a notice dated

17.O5.2025under.Scction - 2l oithc Arbitration and Conciliation Act. 1996 (for shorr'Act, 1996')' norninating Sri lustice A C' Rao'

Retired Judge of Gujarat High Court' as an Arbitrator' to resolve the disPutes.

3' The respondent issued a reply dated 28'06'2025 denying'

the satne and made lalse and baseless contentions' Therefore' the applicant fited the present application'

4. The respondent filed counter opposing this application'

lle disputed execution ol'the vcry sharc purchasc agreernent dated 04.06.2024.Therespondentcontcndedthattheapplicantplayed tiaud on the respondent' Alt the documents tiled along with the present apptication are forged and labricated -the applicant has already flled an application undel Scction - 9 ol'thc Act' 1996 vide

4.o.P.NO.2o1.2025'-I-lrr-rs.hcsoughtttldisrlisstheprescnt application K I,.,J

Arb ApD \o. l3l ol 2t)15

5. It is scttled lar," that this Court being tundcr Sec I iorr alirr esaid aspccts i.e.. pcndcncr., ol A.O.P. No.2

a

I I ol'th. .\cL. 1996. has to c-xamine lhe existence Re1'erral Court lraud.

IS

accordingly'

ol an asrccrlcnt. an ar bitlation clausc and canrot go inLo the of 2025, lbrgerl, ancl f abrication of'docurrents etc.. as it is fcrr the Arbitrator.

to crrnside r thc sarle

thc r-espontlcnt ri hich art ar.bitrable in naturr. to be ad.iudicatcd b1

6. In the light ol'the afbrcsaid discussion, this Court is olthe considercd I icr,r. that lhr-r'c alc clispr-rtes be tween the applicant and an ArbiLrator

7.

re present arbitration application

allorved. and Sn.rt. Justice Il. -l'irurnala Devi, Former Judge of this (loLrrt. is appointed as an Arbitrator to adjudicate the disputes between thc applicant arrcl thc respondcnt. Liberly IS granted to both thc prrtics to laisc rll thc contcntions and grounds which they harc raised in thc present applrcation belbre the learned Arbitrator and it is 1br the learned Arbitrator 1o consider the same. In the circurrstanccs ofLhe case. there shall be no order as Lo costs.

Asa

//TRUE COPY//

'l . Smt. Justice E. Tirumala Devi, Former Judge of Telangana, Resident of H.no. 8-1-284, Plot NO.1

scquel thereto, tnisccllaneous applications' il any'

Kt.. I

,\rb Arp l\o I112 ol 2015

h

SD/. M.VIJAYA BHASKER

JOINT REGISTRAR

CTION OFFIGER

pending in the Arbitration Application shall stand closed'

To

Pr/KAw

urt for the state of

. Colony, Shaikpet,

,Hyderqhad - 500008 Phone No. (040- 23446212) (By Special Messenger)

(Along with'a Copy of affidavit and material papers)

2. One CC to Sri. Harshavardhan Abburi, Advocate [OPUC]

3. One CC to Sri. Malipeddi Srinivas Reddy, Advocate [OPUC]

4. Two CD Copies

-<'^

'/

HIGH COURT

DATED: 1210612026