LAWS(BOM)-2009-10-64

VIJAYPAT SINGHANIA Vs. HARI SHANKAR SINGHANIA

Decided On October 01, 2009
VIJAYPAT SINGHANIA Appellant
V/S
HARI SHANKAR SINGHANIA Respondents

JUDGEMENT

(1.) These are two petitions under Section 34 of the Arbitration and Conciliation Act, 1996 ( the Act).

(2.) An arbitration Award dated 04.08.2008, which is modified on 12.09.2008, has been challenged by the two branches of a Singhania family, the Bombay group and the Kanpur group, as dissatisfied and aggrieved by the 1/3rd share of distribution and partition of the family firm M/s. J.K. Bankers properties. One branch, the Calcutta group supports the same. The Petitioners in Arbitration Petition No. 570 of 2008 are one of the three groups of the Singhania family, a Bombay Group. Respondents 1 to 6 and Respondents 7 to 15 are the other two groups being the Calcutta Group and the Kanpur Group respectively. Arbitration Petition No. 6 of 2009 is filed by the Kanpur group. The Respondents are other two groups.

(3.) The background of the family dispute can be gathered from the following events: