Ramesh Ramchandra Kalyankar vs Suresh K Haware

Judgment text excerpt

902-CARBPL-18764-2025=CARBPL-33968-2024.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL ARBITRATION PETITION (L) NO. 18764 OF 2025 (U/s. 29-A of A & C Act, 1996) WITH COMMERCIAL ARBITRATION PETITION (L) NO. 33968 OF 2024 Digitally signed by (U/s. 9 of A & C Act, 1996) SHRADDHA SHRADDHA KAMLESH KAMLESH TALEKAR TALEKAR Date: 2025.08.02 15:41:07 1) Ramesh Ramchandra Kalyankar +0530 2) Rachana Ramesh Kalyankar 3) Rasiiek Kalyankar … Petitioners Vs. 1) Suresh K. Haware, 2) Sanjay K. Haware, 3) Pravin K. Haware, 4) Haware Engineers & Builders Pvt. Ltd. 5) Himanshu Bheda & Associates, Advocates through Mr. Himanshu Bheda, Advocate .. Respondents Mr. A.S. Khadeparkar, Senior Advocate a/w Mr. Amogh Karnadikar i/b Mr. Amogh Karandikar, for Petitioners. Mr. Nishant Tripathi a/w Adv. Pranav Vaidya i/b M. Tripathi & Co., for Respondent No. 1 to 3. CORAM : SOMASEKHAR SUNDARESAN, J. Date : July 29, 2025 Oral Judgement : Context and Factual Background: 1. Commercial Arbitration Petition (L) No. 18764 of 2025 is a Petition filed under Section 29-A of the Arbitration and Conciliation Act, 1996 (“ the Page 1 of 15 July 29, 2025 Shraddha 902-CARBPL-18764-2025=CARBPL-33968-2024.doc Act”), seeking extension of mandate of the Arbitral Tribunal in connection with arbitration proceedings conducted by the Learned Sole Arbitrator right since November 2017. 2. The phrase “peculiar facts of the case” is so routinely used that it tends to not speak to real peculiarity. However, in the instant case, the factual matrix arising out of the conduct of the parties, renders this case, a true tale of the peculiar. 3. The parties executed an Agreement for Sale dated March 6, 2010, by which 108.9 acres of land were agreed to be sold by t