1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. ARBITRATION PETITION NO.131 OF 2008 Goodlass Nerolac Paints Ltd. ...Petitioner. Vs. P. S. Khanolkar. ...Respondent. .... Mr. F.E. Divetre with Mr.Robin Jaisinghani and Ms.M. Wadia i/b. M/s. Hariani & Co. for the Petitioner. Mr. V.P. Vaidya for the Respondent. ..... CORAM :DR.D.Y.CHANDRACHUD, J. March 24, 2008. P.C.: At the hearing of the Arbitration Petition under Section 34 of the Arbitration and Conciliation Act, 1996, Counsel appearing on behalf of the Petitioner and Counsel appearing on behalf of the Respondent have agreed to the following modification to the arbitral award dated 30th November 2007: (1) The relief granted in terms of clause (a) of the Award shall 2 stand modified by the deletion of the words “upto 30th April 2009”. As a consequence, Clause (a) of the Award reads as follows : “(a) The Respondent is hereby restrained from disclosing to any person whomsoever, any trade secret (including but not limited to secret formulae) as well as the commercial, financial and technical knowledge of the Claimant (including those set out in Exhibit 'T' of the Statement of claim) and using it for any commercial and/or personal gain in any manner, whatsoever.” (2) Clause (b) of the Award shall stand deleted. Instead and in place thereof, the following direction shall stand substituted: The Respondent states that during the term of the agreement with the Petitioner, namely, until 30th April 2009, the Respondent shall not solicit business from the customers of the Petitioner or approach the customers in the area of manufacture and sale of paints. (3) There is no challenge to the directions contained in clauses (c ), (d) and (e) of the Award. (4) Since no other point has been pressed and the Learned Counsel have agreed to the aforesaid order being passed without any 3 reasons recorded, the petition shall stand disposed of in terms thereof. ......