arbp1115-10 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1115 OF 2010 M/s. Bhavanji Khimji & Co. ....Petitioner V/s. Madhusudan J. Dani & Ors. ....Respondents Mr.Naveen Joshi for the Petitioner. Ms.Yogini Gada i/b Harakchand & Co. for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 21ST JANUARY, 2011. P.C. :- 1. The arbitration petition has been filed under section 11 of the Arbitration and Conciliation Act, 1996. 2. It is not denied that the disputes are liable to be referred to arbitration in accordance with clause 24 of the agreement dated 19.4.2000. The arbitration agreement contemplates a arbitral tribunal of three arbitrators. The learned counsel however, state that they would prefer the disputes to be referred to a sole arbitrator. They further state that they are trying to settle the matter. 3. The arbitration petition is therefore disposed of by appointing Mr.M.P. Savla, an advocate of this Court, as the sole arbitrator. However, this order shall not come into effect till 1.4.2011. Nor will it come into effect in the event of the parties settling the matter by 1.4.2011. No order as to costs.