It was next contended by Counsel for Renusagar that a stay, if 507 granted as sought by G.E.C. in a petition under section 3, it would render Renusagar 's suit dead for all practical purpose and there will be nothing left to be decided in the suit either because the suit is stayed indefinitely or alternatively because the decision on the issue would operate as red judicata in the suit, and, therefore, no relief of stay should be granted which will have such effect merely on a prima facie view or a pro tanto finding on the issue of arbitrability of the claims, in support Counsel relied upon a decision of the Allahabad High Court in Strauss Company 's case (supra) a case arising under the earlier Indian Arbitration Act 1899 where that High Court has expressed the view that, "a stay order under section 19 of the , when the arbitration has in fact taken place, is sufficient finally to dispose of the suit".