1 APPL900/10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION APPEAL (L) NO.900 OF 2010 IN ARBITRATION PETITION NO.1338 OF 2010 Asian Electronics Ltd. ...Appellants v/s Global Trade Finance Ltd. (SBI Global Factors) ...Respondents Mr D.D. Madon, Sr Counsel with Mr Zal Andhyarujina i/b M/s Legasis Partners for Appellants. Mr Rahul Narichania with Mr Amit Jajoo and Mr Aman Varma i/b M/s Paras Kuhad and Associates for Respondents. CORAM : D.K. DESHMUKH AND K.K. TATED JJ. DATE : 17TH FEBRUARY 2011. 2 APPL900/10 P.C. :- 1] Heard the learned counsel for both the sides. Perused the record. In our opinion, the learned Single Judge and the learned Arbitrator have correctly interpreted various clauses in the agreement, especially in view of the order of the Court of United States rejecting the counter claim of the petitioners, and therefore, no interference at our hands is called for. In our opinion, it is rightly held by the learned Single Judge inasmuch as it was never the case of the petitioners that the agreement is illegal. Appeal is rejected. Parties to act on the copy of this order duly authenticated by the Associate / Private Secretary of this Court. Certified copy expedited. ( JUSTICE D.K. DESHMUKH ) ( JUSTICE K.K. TATED )