1 arbp1026-10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1026 OF 2010 Mukesh K. Shah & Anr. ....Petitioners V/s. Mrs.Vanita B. Gandhi & Ors. ....Respondents Mr.Ajay Panicker for the Petitioners. None for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 30TH NOVEMBER, 2010. P.C. :- 1. The petition has been filed under section 9 of the Arbitration and Conciliation Act, 1996. 2. The parties had entered into an M.O.U. dated 19.12.2008 whereunder the respondents were to sell to the petitioners a piece of land together with the building standing thereon for a consideration of Rs. 2,61,00,000/-. 3. Disputes and differences having arisen between the parties the petitioners invoked the arbitration agreement. The arbitral tribunal was appointed in an application filed by the petitioners under section 11 of the said Act. 4. Interim orders have been passed from time to time in the above 2 arbp1026-10 petition. The respondents are absent. There is no affidavit in reply. The petition is therefore disposed of by directing the parties to maintain status- quo pending the award and for a period of twelve weeks thereafter. No order as to costs.