Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex
Delhi High Court has appointed an arbitrator to resolve the dispute between PVR INOX and Ansal Plaza Mall in Greater Noida. PVR INOX claims that its four-screen multiplex at Ansal Plaza Mall was sealed due to unpaid government dues by the lessor, Sheetal Ansal.
PVR INOX has filed a claim of approximately Rs 4.5 crore in the Delhi High Court, seeking arbitration to address the issue.
In an order passed by Justice C Hari Shankar, he said, «Prima facie, an arbitrable dispute has arisen between the parties, which is amenable to arbitration in terms of the arbitration clause extracted. As the parties have not been able to come to a consensus regarding the arbitrator to arbitrate on the disputes, this Court has to intervene. Accordingly, this Court appoints the arbitrator to arbitrate on the disputes between the parties. Court noted that the Counsel for Respondent/lessor also be permitted for counter-claim to be agitated in the arbitration proceedings.»
It was submitted by Advocate Sumit Gehlot for the petitioner that his client, PVR INOX, entered into registered lease agreement dated 07.06.2018 with lessor Sheetal Ansal and took four screen multiplex space situated at 3rd and 4th floors of Ansal Plaza Mall, Knowledge Park-1, Greater Noida.
Under the lease agreement, PVR INOX deposited Rs 1.26 crore as security and invested significantly in moveable assets, including furniture, equipment, and interior works, to operate its multiplex. The SDM Gautam Budh Nagar Sadar issued a notice on June 6, 2022, for recovery of Rs
