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Sri M.N. Sreenivasa vs Novus Indiana Leisurez Llp
2026 Latest Caselaw 1340 Kant

Citation : 2026 Latest Caselaw 1340 Kant
Judgement Date : 16 February, 2026

[Cites 2, Cited by 0]

Karnataka High Court

Sri M.N. Sreenivasa vs Novus Indiana Leisurez Llp on 16 February, 2026

                                        -1-
                                                 NC: 2026:KHC:9356-DB
                                                WP No. 37042 of 2025


            HC-KAR



                 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                   DATED THIS THE 16TH DAY OF FEBRUARY, 2026

                                    PRESENT
                       THE HON'BLE MR. JUSTICE D K SINGH
                                       AND
                      THE HON'BLE MR. JUSTICE S RACHAIAH
                   WRIT PETITION NO. 37042 OF 2025 (GM-RES)


            BETWEEN:

            1.    SRI M.N. SREENIVASA
                  S/O LATE SRI.M.N. NARAYANA REDDY
                  AGED ABOUT 54 YEARS
                  442-D,14TH CROSS
                  BEML LAYOUT, THUBARAHALLI
                  BANGALORE 560 065

            2.    SRI M.N. PRABHAKAR
                  S/O LATE SRI.SRI M.N. NARAYANA REDDY
                  AGED ABOUT 53 YEARS
Digitally         756, 1 CROSS, 7 MAIN CROOK FIELD
signed by         BEML LAYOUT, 6TH STAGE
VASANTHA
KUMARY B          THUBARAHALLI, BANGALORE 560 065.
K
Location:   3.  M/S M N ENTERPRISES
HIGH
COURT OF        PARTNERSHIP FIRM OFFICE AT SY NO. 82/48, 3.
KARNATAKA       DODDAKANNAHALLI VILLAGE
                VARTHUR HOBLI
                BANGALORE 560 035
                REPRESENTED BY ITS PARTNER
                SRI. M.N. SREENIVAS
                                                      ...PETITIONERS
            (BY SRI. UDAYA HOLLA, SENIOR ADVOCATE FOR
                SRI. CHENNAKESHAVA B S., ADVOCATE)
                               -2-
                                           NC: 2026:KHC:9356-DB
                                          WP No. 37042 of 2025


HC-KAR



AND:

1.    NOVUS INDIANA LEISUREZ LLP
      PARTNERSHIP FIRM
      HAVING ITS OFFICE AT NO 23,
      SIVA ARCADE, 3 FLOOR 29 MAIN,
      1ST STAGE, BTM LAYOUT
      BANGALORE 560 068
      REPRESENTED BY THROUGH ITS
      DESIGNATED PARTNER
      SRI CHANDRASEKHAR
                                                  ...RESPONDENT

(BY SRI. S.S.NAGANAND, SENIOR ADVOCATE FOR
    SRI. AJAY RAO., ADVOCATE)

                            *******

       THIS WRIT PETITION IS FILED UNDER ARTICLES 226
AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO CALL
FOR    THE    RECORDS     BEFORE    THE    ARBITRAL   TRIBUNAL
COMPRISING          SOLE            ARBITRATOR         JUSTICE
A.V. CHANDRASHEKAR CONSTITUTED PURSUANT TO CMP
NO.343/2021, ETC.


       THIS   PETITION,    COMING     ON    FOR    PRELIMINARY
HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:



CORAM: HON'BLE MR. JUSTICE D K SINGH
       and
       HON'BLE MR. JUSTICE S RACHAIAH
                                   -3-
                                               NC: 2026:KHC:9356-DB
                                            WP No. 37042 of 2025


HC-KAR




                         ORAL ORDER

(PER: HON'BLE MR. JUSTICE D K SINGH)

The present writ petition has been filed impugning

the Notice dated 04.10.2025 issued by the Arbitral

Tribunal presided by the Hon'ble Mr. Justice

A. V. Chandrashekar (Retd.), Sole Arbitrator, whereby the

petitioner, who is the respondent before the Arbitral

Tribunal has been directed to file objections in respect of

the application filed by the claimant/respondent for final

decree.

2. The mandate of the learned Arbitrator expired on

12.05.2025. On the said date learned Arbitrator has

passed award dated 12.05.2025. The order (Award) reads

as under:-

"AWARD

Claim petition is allowed in part as under:

(a) Parties have to render accounts of the partnership firm novus and Berrys India from 29.05.2018, the date on which it was

NC: 2026:KHC:9356-DB

HC-KAR

reconstituted till 30.12.2022 the date of dissolution.

(b) The monetary claims made by the parties as found in Issue Nos.4 to 9, the same will have to be decided in the final decree proceedings to be initiated by the parties separately. After the monetary liabilities of the parties is decided in the final decree proceedings, the amount due to the party/parties will carry interest at 12% per annum from the date it fell due till realization.

(c) In so far as costs are concerned, the same will be considered in Final decree proceedings."

3. From a reading of the said award, it appears that the

learned Arbitrator intended it to be the interim award.

Nothing has been decided in the so-called award, despite

the mandate being extended vide order dated 27.01.2025

up to 12.05.2025.

4. Considering the said position, the parties have

agreed that another arbitrator be appointed, who may

proceed from the stage of pleadings. If any additional

NC: 2026:KHC:9356-DB

HC-KAR

pleadings are required to be filed, parties should be

allowed to file additional pleadings.

5. Considering the consent of the learned Senior

Counsels expressed during the course of hearing, we

appoint Hon'ble Mr. Justice Sri N. Kumar (Retd.,) of this

Court to enter into reference and proceed with the Arbitral

dispute between the parties.

6. We direct the parties to co-operate in the

proceedings, so that the arbitral proceedings get

concluded at an early date. We request the learned

Arbitrator appointed today to conclude the arbitral

proceedings preferably within a period of 6 months. The

arbitration proceedings shall take place at the Bengaluru

Arbitration Center.

7. The Registry to convey this order to the sole

Arbitrator appointed today. The parties also to convey this

order.

NC: 2026:KHC:9356-DB

HC-KAR

8. We request Hon'ble Mr.Justice A. V. Chandasekhar

(Retd.,) to send the records of the arbitral proceedings to

the Bengaluru Arbitration Center.

9. With the above observation, the present writ petition

stands disposed of.

10. In view of disposal of the petition, pending interim applications, if any, do not survive for consideration and accordingly stand disposed of.

Sd/-

(D K SINGH) JUDGE

Sd/-

(S RACHAIAH) JUDGE

NG CT: SN List No.: 2 Sl No.: 5

 
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