Telangana High Court
ARBAPPL/8/2025 of Sri. Peddaboina Srinivas, Vs M/s RAINBOW DEVELOPERS, on 16 April 2026
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYOERABAO THURSDAY, THE SIXTEENTH DAY OF APRIL TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY ARBITRATION APPLICATION NO: 8 OF 2025 Between: Sri. Peddaboina Srinivas, S/o Sri. Peddaboina Balaiah, Aged 55 years, Occ:
IN THE HIGH COURT FOR THE STATE OF TELANGANA
AT HYOERABAO
THURSDAY, THE SIXTEENTH DAY OF APRIL
TWO THOUSAND AND TWENTY SIX
PRESENT
THE HONOURABLE SRI JUSTICE P.SAM KOSHY
ARBITRATION APPLICATION NO: 8 OF 2025
Between:
Sri. Peddaboina Srinivas, S/o Sri. Peddaboina Balaiah, Aged 55 years, Occ:
Business, R:/o H.No. 5-20512, Kummari Basthi, Patancheru Village and Mandal, Sanga Reddy District
...APPLICANT
AND
M/s Rainbow Developers, A Registered Partnership Firm vide Reglskation No.
2872 ol 2017, Having its business at H.No.15-3'1-RTP-1-N11-D/07102, ln Sy.No.1009/1, Raintree Park, (Malaysian Township), Phase-V, KPHB Colony, Kukatpally, Hyderabad - 500072.
Represented by its Managing Partner, N.V. Narasimham S/o Nalluri Ramanaiah, Age: 40 Years, Occ: Business, R/o H.No. 15-31-RTP-1-1-N11- DlO7l02, in Sy.No.1009/'t. Raintree Park, (Malaysian Township), Phase-V, KPHB Colony, Kukatpally, Hyderabad-500072.
...RESPONDENT
Arbikation Application under Section 11(5) (6) of the Arbikation and Conciliation Act 1996, read with Scheme for Appointment of Arbitrators, 1996 praying that the High Court may be pleased to appoint a Sole Arbikator U/S 11 (5) and (6) of Arbitration and Conciliation Act, 1996, read with Scheme of Appointment of Arbitrators, 1996, under clause XXIV of the Development Agreement Cum General Power of Attorney dl. 12.10.2018 for adiudicating the dispute between the applicant and the respondents herein.
Counsel for the Applicant: Sri. Basa Chanakya Counsel for the Respondent: -- The Court made the following: ORDER
IN THE HIGH COT]RT FOR THE STATE OF TELANGANA
AT HYDERABAD
,THE HONOURABI,E SRI JUSTICE P.SAM KOSHY
ARBITRAI'lON APPLICATION No.tl of 2025
DATE: 16.04.21126
Betwccn:
Sri. Pcddaboina Srinivas,
S/o Sri. Peddaboina Balaiah.
. . . Applicant
ANT)
M/s. Rainbow Dcvelopers.
... Respondent
ORDI]R:
Mr. Rasa ('hanakva. learned counsel tbr the applicant subrnits that the pafties have resolvcd thcir disputes by *,ay of settlernent and thereforc prays fbr withclrarval ol the instant Arbitration Application reservirrg the righL to approach the Cour-t alresh in the cvent if the settlement is not intplcmcnted in its letter and spirit
2.
(iranting liber-ty as sought for, the instant Arbitration Application stands clismissecl as withdrawrr
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3.
As a sequel, miscellaneous petitions pending if any, shall stand closed. However. there shall be no ordcr as to costs'
Sd/- T. KRISHNA KUMAR
JOINT REGISTRAR
/rTRuE coPY/t
/(?
SECTION OFFICER
Two CD CoPies
\
To
pr F-
. One CC to Sri. Basa Chanakya' Advocate [OPUC]
HIGH COURT
PSK, J
DATED: 1610412026
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ORDER
ARBAPPL.No.8 of 2025 DISMISSING THE ARBITRATION APPLICATION AS WITHDRAWN -i'=-'-::a-:!-,-- - .-iilFri 3In;ii:\a ,, .W v '.'i. ,it <r- '(.'.,, . :i5' L. ii3 ? r APt\ ?126 ii'; ',i .- i. l " i.'., .. ' ;' .11 ' .'* -+ 't LAC"q<ex &'ffi