1 ssm/- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 154 OF 2009 Networth Stock Broking Ltd. Registered Office at 5, Churchgate House, 2nd Floor, 32/34, Veer Nariman Road, Fort, Mumbai-400 001. ...Petitioner. Vs. 1 Nagarani Madhava Rao Nadella, Residing at 40-15-9/10, Labbipet, Brundavana Colony, Vijayawada, Andhra Pradesh-520 010. 2 Madhava Rao Nadella, Residing at 40-15-9/10, Labbipet, Brundavana Colony, Vijayawada, Andhra Pradesh-520 010. ...Respondents. Mr. Dipen Merchant, Sr. Counsel with Mr. Dilip Rai i/by Aruna Singh for the Petitioner. Mr. Zahid Khan for Respondent No.1. Mr. K. Hasanuddin for Respondent No.2. 2 CORAM :- ANOOP V. MOHTA, J. DATE OF RESERVING THE JUDGMENT :- 8TH OCTOBER, 2009. DATE OF PRONOUNCING THE JUDGMENT:7TH NOVEMBER,2009 JUDGMENT :- 1 In view of the Judgment in Arbitration Petition No. 152 of 2009, I am disposing of the present petition also as the basic agreements/ submissions are common. 2 In the present matter Respondent No.1 is wife of Respondent in Arbitration Petition No. 152 of 2009. In the present case, admittedly basic agreement is between Petitioner and Respondent No.1 only. Therefore, the learned Senior counsel appearing for the Petitioner, on instructions, makes statement that they are not pressing reliefs against Respondent No.2. 3 The learned counsel appearing for Respondent No.1, on instructions, makes statement that she is holding the property to the extent of claim amount and she will not create any third party right, interest or transfer the same. 4 Hence the following order. ORDER Respondent No.1 shall not create any third party right or interest or transfer her properties to the extent of claim amount, till the award attains finality. 3 5 The Petition is allowed to the above extent only against Respondent No.1. 6 The Petition is dismissed against Respondent No.2, as not pressed. No costs. (ANOOP V. MOHTA, J.)