1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi ARBITRATION PETITION NO.400 OF 2008. M/s. Elite Brands Pvt. Ltd. ..Petitioner. vs. M/s. M.N. Reddy Enterprises. ..Respondent. .... Ms. N.S. Nappinai, for Petitioner. Mr. Ramesh Chandra Nath, Director of CEO of Petitioners, present. Mr. Avinash B.Avhad, for Respondent. Mr.M.C.S. Reddy, Partner of Respondent present. .... CORAM : S.J.KATHAWALLA, J. DATE : 26TH JUNE 2009. P.C. The arbitration petition is disposed of by the following order, which is passed by consent of the parties :- (1) All the disputes pertaining to the Franchise Agreement dated 21 st May 2005 between the petitioner and respondent are referred to the sole arbitration of Mr. Gaurav Joshi, Advocate. (2) The petitioner shall deposit an amount of Rs. 1,40,000/- with the Prothonotary and Senior Master within one week 2 from today. The amount deposited with the Prothonotary and Senior Master shall be invested by the Prothonotary and Senior Master for a period of 6 months with a Nationalised Bank and the amounts so deposited shall be disbursed to the parties as directed by this Court after the award has been passed. (3) Simultaneously, the respondent shall hand over the watches and stocks as set out in Exhibit-D to the additional affidavit of the peititoner dated 1 st December 2008. (4) Parties shall bear the costs of arbitration equally. (5) The arbitrator is requested to give his award within a period of 12 weeks from today. 2. All contentions of the parties, are kept open. 3. Arbitration petition is disposed of accordingly. [ S.J.KATHAWALLA, J. ]