1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. ARBITRATION PETITION (LODGING) NO.929 OF 2009 Kotak Mahindra Prime Ltd., a company incorporated under the Compasnies Act, 1956, and having its registered office at 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021. .... Petitioner vs Pankaj Shyamlal Wadhwani, residing at B.K. No.52, Sukhsagar Building, 3rd floor, Near Tomar Nursing Hospital, Ulhasnagar, Opposite Union Bank, District Thane 421 001. .... Respondent Mr.Prasad Das i/b. Goenka Law Associates for the petitioner. Mr.Pankaj S. Wadhwani, respondent present in person. CORAM: ANOOP V. MOHTA, J. DATE : 30th September, 2009 P.C.: 1 The petitioner has invoked Section 9 of the Arbitration & Conciliation Act, 1996 (for short, the Act) as, admittedly there is a default committed by the respondent in making the due payments. 2 The respondent appears in person and makes statement that he wants to make the payment, but by instalments. Therefore, the liberty is granted to the respondent to apply accordingly to the petitioner within two weeks. There is no denial to the liability. In view of this, I am inclined to grant opportunity to the respondent to apply for instalments and to settle the matter. 2 3 The petitioner to consider the same. 3 The petition is accordingly disposed of, with liberty. No costs. (ANOOP V. MOHTA, J.)