1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE SIDE JURISDCITION ARBITRATION PETITION NO.17 OF 2008 Shri Abhay Maruti Raut. .. Petitioner Vs. Shri Rakesh Rungta. .. Respondent -- Shri Mahesh Subramaniam i/by S.V. Pitre for the Petitioner. Shri Vipul Shukla for the Respondent. -- CORAM : SWATANTER KUMAR, C.J. DATE : 14TH NOVEMBER, 2008 P.C. Learned counsel appearing for the parties commonly concede that the petition can be disposed of by mutually agreed terms. The consented terms are :- (a) that the defects in the work, if any, would be pointed out in writing by the Respondent in the Petition to the Petitioner through his counsel within one week from today. The defects so pointed out shall be rectified within a 2 period of four weeks thereafter by the Petitioner or he will convince the Respondent that no such defects actually exist. (b) Within two weeks thereafter, the Respondent will make payment of the amount to the Petitioner. 2. The above terms are otherwise just and equitable. In view of the above, there is no need to appoint arbitrator. The Petition is disposed of in the above terms. The parties will abide by their respective statements. CHIEF JUSTICE