{"id":216419,"date":"2010-03-08T00:00:00","date_gmt":"2010-03-07T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/brig-subhash-chandra-sharma-vs-ms-ind-sing-developers-pvt-ltd-on-8-march-2010"},"modified":"2016-12-05T19:29:41","modified_gmt":"2016-12-05T13:59:41","slug":"brig-subhash-chandra-sharma-vs-ms-ind-sing-developers-pvt-ltd-on-8-march-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/brig-subhash-chandra-sharma-vs-ms-ind-sing-developers-pvt-ltd-on-8-march-2010","title":{"rendered":"Brig. Subhash Chandra Sharma vs M\/S Ind Sing Developers Pvt Ltd on 8 March, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Brig. Subhash Chandra Sharma vs M\/S Ind Sing Developers Pvt Ltd on 8 March, 2010<\/div>\n<div class=\"doc_author\">Author: Mohan Shantanagoudar<\/div>\n<pre>\" \"{-By E\\.;3'feS5'.':~E\\i a! iina. M aye \"G\"-ow\"c% a fo r\n\n.;-- 'M\/s.1:*id S\u00a7._'ng-Bevelopers Pvt.L%:d.\n A.company';.registered under the Companies\n 'Actn, ?e9S6 ,'\"having its Regd, Office\n  ;\u00e9\\..E F\\i_o.';2!)8, West Ministers' Compiex\n_ eCu\"nn'm'g'ham Road\n\nIN THE HIGH COURT OF KARNATAKA AT BANGALORE\nDATED THIS THE 83\"\" DAY 0? MARCH, 2o1_Qi\"7':'%\":.5%%ej'fku\nBEFORE H 'V  \nTHE HOMBLE MRJUSTICE MOHAMAJ\u00e9'H?WT#;NA\u00a7A&lt;\u00a7Uas\ufb01g.,_in :&#039;\nC.M.P. No.3.oQ\/2o&#039;Oe9s%V% &#039;e--   %A * \u00ab%\nBETWEEN:   V\n1. Brigsubhash Chand   \nS\/o.VaEd Prakash Sharmaa&quot; &#039; V &#039; =\nAged 59 years   V\n2. Ms.Amita      \n\nW\/0 . Bi rd $uba..s  a&#039;nd\\.+.a_ sham;  A\nAged 53 y&#039;e_fc}r:;i_ ;_ &quot; &#039; .   \n\nBoth ere ._r\/axt&#039;.&#039;%\u00a3~e\u00a2;\u00abV1_:O2\u00bb  _\nAbrar Matrushri \/3x;j:ar&#039;\u20ac&#039;:2fa_e\u00e9e1-a.1:s..---\n25, Aga Abbas ASE R:jad,&quot;&#039;i\u00a7isoor\n\nBang_aiore\u00a542 &#039; .V  .. PETITIONERS\n\n, &#039;Sn&#039; PQ&#039;oyay&quot;ye: &amp; C0., Advs.,)\n\n   \n\n \n\n\n\n respoiadent.\n\nBanga!ore--52\nRep.by its Managing Director\nM.E&lt;rishna .. RESPONDENT<\/pre>\n<p>(Service of Notice heid sufficient)<\/p>\n<p>This CMP is \ufb02ied under E3ecti&#8217;on&#8217; of&#8217;: the<br \/>\nArbitration and Conciliation Act, 1996;,-i~t_oraysi,ng.. that :t._his:_~<br \/>\nHon&#8217;bEe Court may be pieased to app,oii*:~tV a Soio Ar.bi.tra;t&#8217;o-r_ &#8221;<\/p>\n<p>to adjudicate upon the subject rn_atterr.of&#8217; dispu:t&#8217;e&#8217;.,g:betwe\u00a7en<br \/>\nthe petitioners and the responde&#8211;nt&#8221;i.iin the &#8216;i..rjf\u20aciTe_St o-f}&#8217;u&#8221;stice<br \/>\nand equity. .  &#8221;\n<\/p>\n<p>This CMP coming&#8217; for&#8217;;oz:ders.,_*th&#8217;i~s_ day the Court<br \/>\nmade the foi!owing:&#8211; &#8216;     &#8221; -.\n<\/p>\n<p>Resoond&#8217;e&#8217;rirp.eV_h3&#8217;as&#8217;\u00abre&#8217;fu_sed the notice and hence<br \/>\nservice o&#8217;f&#8217;vv.gnoticeVi&#8217;aA&#8217; h&#8217;e*i&#8211;r_3i.sufficient as against the<br \/>\nV   &#8216;Eearned counsei appearing on behaif of<\/p>\n<p>thepe%titEone:ii.siV&#8217;and perused the records.<\/p>\n<p>V&#8221;\n<\/p>\n<\/p>\n<p>2. Petitioners and the respondent entered into an<\/p>\n<p>agreement of saie of a residential fiat for a\ufb01saie<\/p>\n<p>consideration of Rs.84,00,000\/~. However, <\/p>\n<p>to the petitioners, in the agreement _Qf:&#8217;saie.A_1fit'&lt;_ <\/p>\n<p>mentioned as Rs.60,00,000\/-1:\n<\/p>\n<p>Rs.39,00,D0O\/- is said to hav_e tabeen midday <\/p>\n<p>petitioners to respondent.  was paid<br \/>\nby cash and the remai*n.E:ii&#8217;ig &#8216;\u00e9agr:&#8217;ij_oi.Jn&#8217;t&#8217;;of&#8217;Rs.15,00,000\/W<br \/>\nwas paid by twoV&#8217;che.:;;&#8217;ue-sfi$i&#8217;o&#8217;.s\u00a7&#8217;236621 and<\/p>\n<p>23662. Pe:t\u00e9~ti&#8221;oynefrs*;&#8217;. hva:\\;:e1i-r.ais.ed&#8217;vithWg\u00a7&#8221;&#8221;i&#8217;oan from HDFC<\/p>\n<p>Bank.  the petitioners on<\/p>\n<p>3.4.20D9&#8243;that the&#8217;barsig&#8221;:s\ufb01g&#8221;ready arid w\u00e9ii\u00e9ng to sanction<\/p>\n<p>_ an an;io&#8221;unt oi&#8217; RsV_iV6(1],O(i,OOO\/&#8211; to purchase the fiat. On<\/p>\n<p>  petitioners have sent a registered<\/p>\n<p>iiet.ter.Vi~to&#8221;&#8216;V&#8221;_t\u00bbhe~ij&#8221;respondent&#8217;s Managing Director and<\/p>\n<p>*VAuth.orized &#8220;Signatory to convey the property in favour<\/p>\n<p> &#8220;jofitiieg petitioners. However, the property was not<\/p>\n<p>A&#8221;4&#8242;&#8221;&#8216;~-____&#8221;&#8216;i&#8217;.&#8221;&lt;:o&quot;i;iveyed. On 2}_.4.20{)9, the resporident&#039;s Managing<\/p>\n<p>in\/L7<\/p>\n<p>,4,<br \/>\nDirector said to have informed the petitioners that the<\/p>\n<p>delay in completing the transaction was due tvo&#039;i&#039;,:t&quot;hat<\/p>\n<p>the originai title deeds have been <\/p>\n<p>However, they promised the petitione&#039;r&#039;s=&#8211;:.f&#039;_i1a&#039;t~: theiu if<\/p>\n<p>transaction wouid be complete on  :&quot;TiFiV:&#039;t&#8211;hi\u00e9ijj<\/p>\n<p>day, the property was not&#039;c_om\/Veyeci  the<\/p>\n<p>petitioners, though the peti-tio&quot;ne&#039;i&quot;s?A ar&#039;e&quot;-ireadiiy and<br \/>\nwilling to perform their4&quot;p&#039;a_i_rt or <\/p>\n<p>3. Agreen3e:iat_of;_&#8217;sVa&#8217;l:e .pi=o&#8217;dxucVed.xva&#8217;t AnnexurewA<br \/>\nto the petgit&#8217;io&#8217;i_i._.V&#8221;of&#8217;:.,:thVe said agreement<br \/>\nprovides._tha_t  being any dispute with<\/p>\n<p>regard to  agVre.en:_er&#8217;it&#8221;ii&#8217;or the interpretation or any<\/p>\n<p>  ;claui_sesAxthereof, the matter be referred to<\/p>\n<p> to the said Clause, the<\/p>\n<p>petit.i44onersms,eint notice to the respondent as per<\/p>\n<p>R&#8221;V._&#8217;V}3:l&#8217;}A\ufb02\u20acXljl7QA;E, dated 1.10.2009 informing the<\/p>\n<p>A  :&#8217;res&#8217;pd.&#8217;rident that the petitioners propose to appoint a<\/p>\n<p>V<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Brig. Subhash Chandra Sharma vs M\/S Ind Sing Developers Pvt Ltd on 8 March, 2010 Author: Mohan Shantanagoudar &#8221; &#8220;{-By E\\.;3&#8217;feS5&#8242;.&#8217;:~E\\i a! iina. M aye &#8220;G&#8221;-ow&#8221;c% a fo r .;&#8211; &#8216;M\/s.1:*id S\u00a7._&#8217;ng-Bevelopers Pvt.L%:d. A.company&#8217;;.registered under the Companies &#8216;Actn, ?e9S6 ,'&#8221;having its Regd, Office ;\u00e9\\..E F\\i_o.&#8217;;2!)8, West Ministers&#8217; Compiex _ eCu&#8221;nn&#8217;m&#8217;g&#8217;ham Road IN [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-216419","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brig. 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