ARBAPPL/39/2025 of M/s Tata Capital Limited Vs Venagro on 12 March 2026

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD

THURSDAY. THE TWELFTH DAY OF MARCH

TWO THOUSAND AND TWENTY SIX

PRESENT

THE HONOURABLE SRIJUSTICE P.SAM KOSHY

ARBITRATION APPLICATION NO: 39 OF 2025

Between:

M/s Tata Capital Limited, (formerly Tata Capital Financial Services Limited), having its registered office at Tower A, 11th floor, Peninsula business Pa*, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013' having one of its branch offices at 2nd floor, plot No. 3 to 6, Auto Plaza, road No'3, opp. Times of lndia, Banjara Hills, Hyderabad - 34. represented by its authorised signatory/ power of attomey holder Raichur Bhavanikrishna.

...APPLICANT

AND

1. Venagro, Sy. No. 692 to 693, paft - 2, Sai Geeth Ashram Road' Devaryamzal, Medchal-Malkajgiri, Hyderabad, Telangana - 50001 4.

2. Akula Venu, Plot No. 618/6'19, Sundrani Building, Ramaraji Nagar, Suchitra circle, Jeedimetla village, Hyderabad - 500085

3. Akula Prathima, Plot No. 618/619, Sundrani Building, Ramaraji Nagar, Suchitra circle, Jeedimetla village, Hyderabad - 500085

...RESPONDENTS

Arbitration Application under Section 11 (6) r/w 15(2) of the Arbitration and conciliation Act, 1996, praying that this court may be pleased to appoinusubstitute a Sole Arbitrator to constitute the Arbitral Tribunal to adjudicate the disputes arising between the applicant and the respondents in connection with the business loan account No. TCFBL045300001 057501 6 dated 26-08-201 9.

Counset for the Applicant : Sri. G Rdvi Ghandra Sekhar Counsel for the Respondents : Sri. Abhinav Krishna Uppaluri The Court made the following: ORDER

Page I of 2

IN THE ,TIIGH COURT FC'R THE STATE OF TELANGANA

AT TYDERABAD

THE HONOURABLE SRI JUSTICE P. SAII KOSITY

of

: 12.03

M/s.Tata CaPitzrl Limited

... Applicant

and

Venagro and two others

. .. Respondents

When th,: matter is taken up for hearing' learned counsel appearing for l:he parties submitted that the parties have meanwhile settled the dispute out-of-Court and as such they do not intend to pursue the in:;tant arbitration application any longer; and therefore prayed that the instant arbitration application may be closed as "not pressed".

2.

In view of above submission of the learned counsel appearing on either side, the instant arbitration application stands closed as "not o pressed". No costs.

I

/

3.

As a sequel, miscellaneous petitions, pending if any, shall stand closed SD/. A.V.S.S.C.S.M. SARMA

" JOINT REGISTRAR

i

tl

it

:l

I

iliI

ll

I

I

l.

t,

tl

ii

i!

i

/TRUE COPYII

1. One CC to Sri. G Ravi Chandra Sekhar, Advocate [OPUC]

2. One CC to Sri. Abhinav Krishna Uppaluri, Advocate [OPUC]

3. Two CD CoPies

C

SECTION OFFICER

To,

UBA

D

W

I

I

I

i

l

I

;

/I

HIGH COURT

DATED: '1210312026