KAPIL CHOPRA Vs. SATISH CHOPRA

JUDGEMENT

(1.) BY this order, I propose to decide two petitions filed by the petitioners. The same are :

(2.) LEARNED counsel appearing on behalf of both parties have made their submissions in Arb. P. No.455/2012. Mr. Tikku, learned Senior advocate submits that incase prayer for appointment of sole Arbitrator is allowed, his clients may not press OMP at this stage as the petitioners would be moving the petition for interim protection before Arbitral Tribunal. The submissions of Mr. Anil Sapra, learned Senior advocate for respondents is that both the petitions filed by the petitioners are not maintainable.

(3.) THE petitioners allege that various properties were purchased by the joint and collective efforts of the three sons of late Shri Kundan Lal Chopra i.e Shri Satish Chopra, Shri Kapil Chopra and late Shri Nishit Chopra and various companies , firms were floated for the facilitation of the joint family business but Shri Nishit Chopra died on 8th October, 2005 leaving behind the parties of the third part as his legal heirs to succeed to his estate, share and properties. The fourth party admits not to claim any share/right in the estate, share and properties of late Shri Nishit Chopra and if at all there be any, the fourth party agree and admit to have relinquished the same in favour of the third party herein.