/ 1 / IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.226 OF 2008 HCC Real Estate Limited ...Petitioner Vs. Pundalik Vaman Nayak ...Respondent --- Mr.F.Deretri, G.R. Joshi ---- CORAM: V.M. KANADE J. DATED JULY 14, 2008 P.C. Heard the Learned Counsel appearing on behalf of the Petitioner and Respondent. Both parties have agreed to refer the dispute to Shri R.A. Dada, Senior Counsel for Arbitration. Petitioner should make an application within 4 weeks from today. In the meantime, during this intervening period, the Respondents shall not create any third party rights or enter into any agreement between third party for development of the said properties and shall maintain the status quo as on today. This order is passed without prejudice to the rights and contentions of both the parties. This interim order shall continue for a period of six weeks from today. The Petitioner is at liberty to apply for interim relief before the learned Arbitrator by filing an application under section 17 of the Arbitration and Reconciliation Act. Petition is disposed of in the above terms. It is clarified that the arbitrator shall not be influenced by the interim order passed by this Court and shall decide the / 2 / application for interim relief under section 17 and the arbitration petition on its own merits without being influenced by the ad-interim order passed by this Court. Accordingly, petition is disposed of. V.M. KANADE J. / 3 /