PNP 1 ARP46-13.8 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION ARBITRATION PETITION NO.46 OF 2009 T. Honnur Saheb ..Petitioner. Vs. Union of India and others ..Respondents. .... Mr. A.S. Rao for the Petitioner. Mr.Deepak Rai i/b Mr.Suresh Kumar for the Respondents. ..... CORAM : DR.D.Y.CHANDRACHUD, J. 13 August 2010. P.C. : At the hearing of the Arbitration Petition, counsel appearing on behalf of the Petitioner and the Respondents are agreed to the following order being passed with the consent of the counsel on the instructions of the respective parties, without any further recording of reasons : i) In terms of the provisions contained in Clause 64 of the General Conditions of Contract, the General Manager of Western Railway shall within a period of eight weeks from today initiate the process for the appointment of an arbitral tribunal. The parties have agreed that they shall complete the process of appointment of an arbitral tribunal within a period of four weeks thereafter; PNP 2 ARP46-13.8 ii) The Petitioner has agreed to restrict its claim to an amount less than or equal to 20% of the value of the contract so as to bring it within the purview of arbitrability; iii)In view of the terms as agreed between the parties as aforesaid, there shall be an order accordingly. The Arbitration Petition is accordingly disposed of. There shall be no order as to costs. (Dr. D.Y.Chandrachud, J.)