1 S.B. Arbitration Application No.56/2008 M/s. Khartaram Choudhary vs State of Rajasthan & Ors. DATE OF ORDER : 7.7.2009 HON'BLE MR. PRAKASH TATIA. Mr.NA Rajpurohit, for the applicant. Mr.Mukul Singhvi, for the respondent. <><><> Heard learned counsel for the parties. The petitioner's contention is that he sought relief of referring the matter to the standing committing for settlement of dispute under clause 23 of the agreement, copy of which has been placed on record as Annex.8. The respondent's contention is that they were ready to refer the matter to the standing committee as per clause 23 of the agreement, but the petitioner deposited only Rs.19140/- whereas the petitioner's claim is of more than Rs.43 lacs and in view of the above reason, the petitioner was required to deposit 2% of the claim amount or maximumly Rs. 1 lac. Admittedly, the petitioner has not deposited that requsite amount and only deposited Rs.19,140/-. In view of the above reasons, the petitioner may now deposit the balance amount required to be deposited for 2 referring the matter to the arbitrator and that deposit be made within a period of one month from today. Upon doing so, the respondents agrees that they will proceed to refer the matter for settlement to the arbitrator under clause 23. If the respondents will fail to refer the mater to the settlement committee within a period of one month after deposit of the requisite amount by the petitioner, the petitioner will be free to approach this Court. In view of the above, the arbitration application is disposed with above liberty. (PRAKASH TATIA),J. cpgoyal/-