Arbp848.09 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 848 OF 2009 Kotak Mahindra Bank Ltd. ...Petitioner. Vs. Atin J. Jaiswal ...Respondent. Mr. Chinmay Gupte, i/by M/s. Mohit Gadkari & Co. for the Petitioner. None for the Respondent. CORAM :- ANOOP V. MOHTA, J. DATED :- 15th JANUARY, 2010. P.C.- 1 The Petitioner has invoked Section 9 of the Arbitration and Conciliation Act, 1996 (for short, the Arbitration Act), pending the arbitration proceedings. There is an admitted default on part of the Respondent. 2 Considering the averments made and as there is no denial to the same and as all elements are available to pass order/ protection and as Respondent, though served, not appeared in the matter, and as the Petitioner has filed affidavit of service, I am inclined to grant prayer clause (a). The Respondent to furnish security to the satisfaction of the Petitioner within eight weeks from the receipt of the copy of this order. The prayer Arbp848.09 2 clause (e) as granted on 13th November, 2009, to continue till the disposal of the arbitration proceeding/ petition. 3 The liberty is granted to the Respondent to apply or move for settlement and/or to raise appropriate plea or defence before the Arbitral Tribunal, if any. 4 The Petition is accordingly allowed in terms of prayer clauses (a) and (e) with liberty. No order as to costs. (ANOOP V. MOHTA, J.)