# VASANJI ASSARIA MAMANIA vs YADUNARAYAN MULKY SHETTY

Court: Bombay High Court
Date: 2025-10-07
Citation: ARBP/200/2014
Petitioner: VASANJI ASSARIA MAMANIA
Respondent: YADUNARAYAN MULKY SHETTY

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IkgyUDR1WjNLR0F4OTBiank3SGdOdXc9PSIsInZhbHVlIjoiY20xWE96LzNONjdGREZxcFdqWHZIb2hHbFZPZ2FCR1Mvc1dRYVkwSnM2dWRJbk00SGpEZnFhQkNPMlhBVU93eUVoZDRqaWxkODhWTGszd3pXZlhoanc9PSIsIm1hYyI6ImMzZTg2N2IyZDkzNDEzOTY3MjZiNzJhMTRmMDAxY2JhZmMwODJkYzczZTIzM2UxZDU1OWZkMWM5NGQwMzhkNzUiLCJ0YWciOiIifQ==?expires=1782774866&signature=8b32fea2e3f5b54b77e9bb60f152889337bcd5ad2b74ee85c8fb6baea0ac138d)

## Judgment text (excerpt)

ARBP-200-2014-J - FINAL.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 200 OF 2014 Vasanji Assaria Mamania …Petitioner 1. This is a Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”) challenging an arbitral award dated May 31, 2013 (“Impugned Award”) passed by a Learned Arbitral Tribunal comprising a Sole Arbitrator in connection with disputes and differences between the Petitioner, Vasanji Assaria Mamania (“Mamania”) and the Respondent, Yadunarayan Mulky Shetty (“Shetty”). October 7, 2025 Shraddha ARBP-200-2014-J - FINAL.doc 2. The parties entered into a memorandum of understanding (“Agreement”) by which Mamania agreed to purchase from Shetty a certain land parcel located in Chembur, described in fuller detail in the Impugned Award, admeasuring 2,493.9 square metres (“ Subject Property”), for a consideration of Rs. 11.25 crores, of which Rs. 50 lakhs were payable at execution; Rs. 1 crore was payable as and when Shetty removed the tenants from the premises and the balance Rs. 9.75 crores against completion of the conveyance. On the face of the Agreement, a date of execution is not d

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