INNOVATIVE FILM ACADEMY PRIVATE LIMITED vs ENDEMOL INDIA PRIVATE LIMITED

CARBPL-22714-2024.docx IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL ARBITRATION PETITION (L) NO. 22714 OF 2024 1. These Petitions are filed under Section 37(2)(b) of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”) challenging an order dated July 10, July 3, 2025 Shraddha CARBPL-22714-2024.docx 2024, passed by a Learned Arbitral Tribunal under Section 17 of the Arbitration Act, directing a deposit of Rs. ~10.40 crores in a fixed deposit in a nationalised bank and requiring expansive disclosures in the course of conduct of the arbitral proceedings. 2. Innovative Film Academy Private Limited (“ Innovative”) is a one- person company formed by Mr. Saravana Prasad (“ Prasad”). Innovative is the Petitioner in Commercial Arbitration Petition (L) No. 22746 of 2024 while Prasad is the Petitioner in Commercial Arbitration Petition (L) No. 22714 of 2024. Innovative entered into a “Production Agreement” dated March 10, 2021 (“Agreement”) whereby Endemol would create, produce, edit post-production and deliver episodes of the well-known cookery television show franchise “Masterchef” in Tamil, Telugu, Kannada an