1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. COMPANY PETITION NO.652 OF 2009 Media2win India Pvt.Ltd. ...Petitioner. Vs. Mid-day Multimedia Limited. ...Respondent. .... Mr. Sharan Jagtiani i/b. M/s.Kanga & Co. for the Petitioner. Mr. Madhur Baya for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD, J. November 4, 2009. P.C. Counsel appearing on behalf of the Petitioner and the Respondent-Company are agreed, after the arguments were heard in the Company Petition, that the dispute which forms the subject matter of the Company Petition may be referred to arbitration under the provisions of the Arbitration and Conciliation Act, 1996. Accordingly, the following order is passed by consent, since the Court is informed that no further reasons be recorded : -(i) The claim which forms the basis of the Company Petition 2 for winding up is referred to the arbitration of Mr.Sunip Sen, Advocate, who shall act as a Sole Arbitrator under the provisions of the Arbitration and Conciliation Act, 1996; -(ii) The Respondent-Company shall, within a period of two weeks from today, deposit an amount of Rs.4.30 lakhs with the Prothonotary and Senior Master as security for the claim in the arbitral proceedings. The Petitioner would be at liberty to withdraw the amount, subject to furnishing security to the satisfaction of the Prothonotary and Senior Master; -(iii) The costs of the arbitral proceedings shall be borne initially by the parties in equal proportion and shall abide by such final award that may be passed by the Learned Arbitrator. In view of the agreement that is arrived at between the parities and since no other relief has been sought, the Petition shall stand disposed of in the aforesaid terms. .........