IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION ARBITRATION PETITION NO.40 OF 2007 M/s.Indian Sugar and General Engineering Corporation ( A unio of the Saraswati Industrial Syndicate Ltd.). .. Petitioner Vs. M/s.Sharad Sahakari Sakhar Karkhana Ltd. Respondent -- Shri V.C. Ghosalkar for the Petitioner. Shri T.S. Ingale for the Respondent. -- CORAM : SWATANTER KUMAR, CJ DATE : 29TH AUGUST, 2008 P.C. The learned counsel appearing for the Respondent states that they have hardly any objection to the appointment of the Arbitrator. The matter is also under negotiation between the parties and in fact the terms of the settlement have been prepared. However, the same has not yet been finalised. The petition is disposed of at this stage. Liberty to the parties to revive the petition, if the negotiations are not finalised. CHIEF JUSTICE