1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL JURISDICTION ARBITRATION PETITION (LODG.) NO. 136 OF 2008 Abbas S. Vimanwala. .... Petitioner. V/s. Shabiir Sultanali Gulamhussenwala & Ors. .... Respondents. ....... Mrs. Nutan S. Moily for the Petitioner. Mr. Nirnajan Vaghela i/b. Pandya & Co. for the Respondents. ........ CORAM : DR. D.Y. CHANDRACHUD, J. 13TH MARCH 2008. P.C. :- This petition is companion to Arbitration Petition (Lodg.) 132 of 2008 in which an order has been passed appointing a receiver. The partnership firm by the name of “Timber Wood Syndicate” is a registered partnership with effect from 16th September 1953. The partnership is a partnership at will. A suit was instituted for 2 dissolution and accounts in which, by an order dated 30th January 2008, a reference has been made to arbitration with the consent of the parties. The grievance of the Petitioner is that though he has an 18% share, he has been kept out of the business. A letter of the Chartered Accountant is relied upon at the Bar to demonstrate that instructions have been given not to furnish documents or accounts to the Petitioner. The partnership is a partnership at will. The Petitioner has fairly evinced an intention to dissolve the partnership by the institution of a suit for dissolution and accounts. There are serious allegations in regard to the conduct of the business, and of the ouster of the Petitioner. The appointment of a receiver is warranted in order to ensure that the assets of the partnership are not frittered away to the detriment of the interest of the partners. The Arbitration Petition is accordingly made absolute in terms of prayer clause (a). ------