. IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION ARBITRATION PETITION NO. 27 OF 2006 ---------------------------------------------------------------------- Office Notes, Office Memoranda of : coram, appearances, Court’s Orders: Court’s or Judge’s orders or directions and Registrar Orders: ---------------------------------------------------------------------- Mr.M.M. Sathaye for the Petitioner. Mrs.Neeta Masurkar for the Respondents. CORAM : H.L. GOKHALE, ACG. CJ. DATE : 2ND MARCH 2007 P.C. P.C. P.C. : 1. Heard Mr.Sathaye in support of this petition. Mrs.Masurkar appears for the Respondents. 2. Although the Petitioner has sought arbitration, the Respondents have filed a reply raising a contention that the arbitration is not the correct remedy. Mr.Sathaye has taken instructions and he accepts the submission of the Respondents. He seeks leave to withdraw the arbitration petition with a view to resort to appropriate proceedings which may include filing of a suit, if so - 2 - instructed. 3. Petition allowed to be withdrawn with liberty as above. All contentions on merits of both the parties are open. ACG. CHIEF JUSTICE