1 ARBP952.09 kambli IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.952 OF 2009 ... Hathway Internet Satellite Pvt.Ltd. and anr. ...Petitioners v/s. Space Vision Cabletel Pvt.Ltd. ...Respondent ... Mr.S.U.Kamdar, Sr.Advocate with Ms.Jyoti Ghag, Ms.Pooja Patil, Mr.H.N.Thakore i/b Thakore Jariwala & Associates for the Petitioners. Mr.J.P.Sen with Ms.Kavita Shah i/b A.G.Shah for the Respondent. ... CORAM: D.K.DESHMUKH, J. DATED: 8th July, 2011 P.C.: Admit. Heard finally by consent of parties. 2. By consent of parties the petition is disposed of in following terms: (i) The award made by the learned Arbitrator, which is impugned in the petition, is set aside; 2 ARBP952.09 (ii) By consent of parties it is declared that the Firm Hathway Space Vision is dissolved with effect from today i.e. 8-7-2011; (iii)Justice Shri B.N.Srikrishna (Retired Supreme Court Judge) is appointed as an arbitrator and the disputes in relation to accounts and in relation to dissolution of the firm are referred to the learned Arbitrator for decision in accordance with law; (iv)The Receiver of this Court is appointed as the Receiver of the business and assets of the dissolved firm. The Receiver shall appoint the Petitioner No.1 Hathway Internet Solution Pvt.Ltd. as his agent to conduct the business of the firm during the pendency of the arbitral proceedings; (v) The agent shall be required to maintain the accounts and supply copy of the accounts maintained by him quarterly to the Respondent; (vi)In case the Respondent seeks any copy of any document on the basis of which accounts are made, the agent shall supply those copies to the Respondent; 3 ARBP952.09 (vii)The learned Arbitrator shall be free to appoint auditor to get the accounts of the firm, before the date of the dissolution, audited as also for getting the accounts maintained by the agent to be audited. (viii)Ad-interim order which is presently operating, passed in Arbitration Petition No.881 of 2009, shall continue to operate for a period of twelve weeks from today. The Petitioner shall be at liberty to apply before the learned Arbitrator for suitable interim order. (D.K.Deshmukh, J.)