1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 326 OF 2009 Networth Stock Broking Ltd. ...Petitioner. Vs. Kamlesh R. Suratwala ...Respondent. .... Mr.Dipen Merchant, Senior Counsel i/by Ms.Aruna Singh for the Petitioner. None for the Respondent. .... CORAM :- ANOOP V. MOHTA, J. DATED :- 30th November, 2009. P.C.- 1. The petitioner has invoked Section 9 of the Arbitration and Conciliation Act, 1996 (for short, ‘The Act’), in view of the dispute between the parties arising out of Client-Member Agreement. None appeared for respondent, though served. On 24th September 2009, the respondent sought time for settlement. 2. The learned counsel appearing for petitioner makes statement that the award has been passed against respondent, dated 30th 2 March 2009 by the Arbitrator under the Bye-laws, Rules, Regulations of the National Stock Exchange of India Ltd. (NSEIL). 3. In view of this and as there is no denial to the same, as elements as contemplated under Order 39, Rule 1 & 2 and Order 40 Rule 1 of Code of Civil Procedure (for short ‘CPC’) are available, I am inclined to pass following order : (a) The respondent is directed to furnish/secure the amount as awarded within eight weeks from the receipt of the copy of this order. (b) The liberty is granted to respondent to move for settlement, if any. 4. In view of the above, there is nothing survive in the petition. The petition is accordingly allowed with liberty to the above extent. No order as to costs. (ANOOP V. MOHTA, J.)