1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 872 OF 2009 Kaushal Ahalawat ...Petitioner. Vs. TVC Sky Shop Ltd. ...Respondent. Mr. Dilip H. Shukla for the Petitioner. Mr. A.R. Shaikh for the Respondent. CORAM :- ANOOP V. MOHTA, J. DATED :- 20th JANUARY, 2010. P.C.- 1 The Petitioner has invoked Section 9 of the Arbitration and Conciliation Act, 1996 (for short, the Arbitration Act). As there is an Arbitration Clause between the parties, both the parties agreed to appoint Arbitrator to settle the dispute. Mr. Prakaash V. Nichani, Advocate is appointed as an Arbitrator. The parties to take steps accordingly. 2 Considering the averments made and without going further to the controversy, keeping all points open, without prejudice to their respective rights, the learned counsel appearing for the Respondent, on instructions, submits that Respondent will deposit Rs.3,00,000/- (Rupees three lacs only) in the Court, as a security. That will remain in the Court unless the 2 order is passed by the Court, after hearing both the parties. 3 The Respondent to deposit the amount in the Court, within eight weeks. 4 The Prothonotary and Senior Master, to invest the amount in the Nationalize Bank, initially for the one year. In view of the above, the learned counsel appearing for the Petitioner, not pressing for any ad-interim relief. All the points are kept open for the parties to be agitated before the Arbitrator. The liberty is granted to both the parties to apply for appropriate orders/ directions if any, in accordance with law. (ANOOP V. MOHTA, J.)