R Gowrishanker vs Krishnamurty Chandra on 20 February, 2019

R.Gowrishanker                                         .. Petitioner

                              Vs.

                      1.Krishnamurty Chandra
                        S/o.V.Krishnamurthy,
                        9/1, Shanti Niketan,
                        New Delhi-110 021

                          Also having office at
                          Real Time Technical Services Pvt. Ltd.,
                          3rd Floor, 39 Lavanya Towers,
                          4th Main Road, 8th Cross,
                          Malleshwaram,
                          Bangalore-560 055

Epicentre of the dispute between petitioner and first defendant is an agreement captioned 'Memorandum of Agreement' dated 01.01.2013 wherein first respondent agreed to pay the petitioner a principal sum of Rs.6,52,25,671

One part is by way of cheques for a sum of Rs.3,22,25,671/- and the balance, i.e., the other part is by way of shares in a company which goes by the name 'Secure Earth Ltd.'

monies that were advanced by claimant were only for the benefit of companies which go by names Mascon Global Ltd., Madras Finvest Pvt. Ltd. and Synerfin Factors Pvt. Ltd. were all set up as defence.

petitioner came to know that second respondent sole arbitrator had joined the Board of three companies as a Director: 'Real Time Technical Services' ('RTTS' for brevity), 'C2C Innovations Pvt. Ltd.' ('C2C' for brevity) and 'Q4 Software Pvt. Ltd.'

https://indiankanoon.org/doc/173834817/