- 1 - IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. ARBITRATION PETITION NO.429 OF 2006 ... Smt.Kiran Praip Tiwari and ors. ...Petitioners v/s. M/s.Babu Bimalanand & Ors. ...Respondents ... Mr.B.A. Bhalwal i/b Vyas & Bhalwal for the Petitioners. Mr.R.M.Bhandari for Respondents Nos. 1 & 2. Mr.Y.R.Mishra for Respondent No.3. ... - 2 - CORAM: D.K.DESHMUKH, J. DATED: 20TH NOVEMBER,2006 P.C.: By consent of parties the petition is disposed of in following terms. (i) Hon’ble Mr.Justice M.S.Rane (Retd.) c/o Cama Chambers, 2nd Floor, 23, Nagindas Master Road, Fort, Mumbai-400 023 is appointed as sole arbitrator. (ii) The disputes between the parties are referred to the learned arbitrator for decision in accordance with law. (iii) Ad-interim order dated 20th October, 2006 shall continue to operate. The Respondents have agreed to maintain status-quo until further orders. (iv) The Receiver appointed by ad-interim order dated 20th October, 2006 has prepared inventory and has - 3 - submitted a report. (v) The Petitioner to apply before the learned arbitrator for appropriate interim orders within a period of two weeks from today. The arbitrator shall make suitable interim order after hearing the parties. The arbitrator shall be entitled even to vacate or modify the order dated 20th October, 2006 (vi) The Receiver to forward the report about inventory to the learned arbitrator. (vii) Petition disposed of. (viii) Petitioner to communicate this order to the learned arbitrator. (ix) Certified copy expedited. ...