1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY PETITION NO.476 OF 2009. Applause Entertainment Pvt. Ltd. ..Petitioner. vs. Taurus Video Services Pvt. Ltd. ..Respondent. .... Mr. Aliabbas Dehliwala, a/w. Mr. Sachin Kudalkar, i/b. Madekar & Co., for Petitioner. Mr. Swapnil Bangur, i/b. Media Lexicon, for Respondent. .... CORAM : S.J.KATHAWALLA, J. DATE : 29TH AUGUST 2009. P.C. Heard the learned Advocates for the parties. The learned Advocate appearing for the petitioner upon instructions from Mr. Nitin Mathuria, Head-Commercial & Administration and Authorised Singatory of petitioners, and the learned Advocate for the respondent upon instructions from Mr. Anupam K. Kalidhar of the respondent, have agreed that the company petition be disposed of by the following order :- (i) All disputes between the petitioner and the respondent 2 company, pertaining to any amount paid by the petitioner to the respondent company including all disputes, arising out of the agreements dated 19 th December 2005 and 16 th May 2006 are referred to the sole arbitrtion of Mr. Pankaj Sawant, Advocate. (ii) The learned Arbitrator shall pass his award within a period of 3 months from the intimation of this order. (iii) The costs of the Arbitrator shall be borne by the parties equally. (iv) Upto a period of four working days after a copy of this order is forwarded to the sole Arbitrator, the respondent company shall not sell or dispose of or encumber or create any third party rights in respect of any of its assets, except in normal course of business. Thereafter, parties shall be at liberty to move the Arbitrator for interim reliefs. (v) All contentions of the parties are kept open. 2. Company petition accordingly, stands disposed of. [ S.J.KATHAWALLA, J. ]