SHREE DEV SHASAN JAIN SHWETAMBAR MURTIPUJAK TRUST vs VEER TOWER COOPERATIVE HOUSING SOCIETY LTD

Judgment text excerpt

Spkng-F-J-ARBAP-103-2025+.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION NO. 103 OF 2025 Shree Dev Shasan Jain Shwetambar Murtipujak …Applicant Trust Versus Veer Tower CHS Ltd. …Respondent WITH ARBITRATION APPLICATION NO. 360 OF 2025 Bhadra Enterprises …Applicant Versus Veer Tower CHS Ltd. …Respondent Mr. Yogesh Naidu, a/w Eden D.H. Ribeiro & Khushbu Mota Advocates for the Applicant. Dr. Abhinav Chandrachud, a/w. Pragya & Mr. Ameya Khot, i/b M/s. Legal Vision, Advocates for Respondent in ARBPL/2695/2025. Mr. Aadil Parsurampuria, a/w Pragya & Ameya Khot, i/b M/s. Legal Vision, Advocates for Respondent in ARBAP/103/2025. Mr. Anoshak Davar, a/w Ms. Subiya Kazi, i/b Mr. Talha Siddiquifor the Applicant in ARBAP/103/2025 CORAM : SOMASEKHAR SUNDARESAN, J. RESERVED ON : October 13, 2025 PRONOUNCED ON : February 10, 2026 Digitally signed by ASHWINI ASHWINI JANARDAN JANARDAN VALLAKATI VALLAKATI Date: 2026.02.18 11:32:51 +0530 Page 1 of 29 February 10, 2026 Corrected pursuant to speaking to the minutes order dated February 10, 2026. Ashwini Vallakati Spkng-F-J-ARBAP-103-2025+.doc JUDGEMENT: Context and Factual Background: 1. The captioned proceedings are Applications filed under Section 11 of the Arbitration and Conciliation Act, 1996 (“ the Act”). 2. Arbitration Application No. 2695 of 2025 is an application under Section 11 of the Act filed by M/s. Bhadra Enterprises (“Developer”), a developer who has developed a building and eventually conveyed it to the respondent, Veer Tower Cooperative Housing Society Ltd. (“Society”). 3. Arbitration Application No. 103 of 2025 is an application by Shree Dev Shasan Jain Shwetambar Murtipujak Trust (“ Temple Trust”), a trust that is a recipient of gifts of land from the Developer for