1 cp-146-10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY PETITION NO. 146 OF 2010. Contract Advertising India Private Limited. ..Petitioner. v/s. Maneesh Pharmaceuticals Limited. ..Respondent. .... Mr. S.V. Doijode, a/w. Ms. Taruna Nagpal, a/w. Ms. Priyanka Kothari, i/b. M/s. Doijode Associates, for Petitioner. Mr. Gaurav Joshi, a/w. Mr. Anoshak Darer, a/w. Mr. Sayeed Mulani, i/b. Mulani & Co., for Respondent. Mr. Sapan Chakravarthy, Executive Assistant to CMD of Respondent, present. .... CORAM : S.J. KATHAWALLA, J. DATE : 5TH OCTOBER 2010. P.C. The following order is passed by consent of the parties :- (i) The Respondent Company shall furnish an unconditional bank guarantee of ICICI Bank or Citibank to the tune of Rs.50,00,000/- to the Prothonotary and Senior Master of this Court within eight weeks from today initially for a period of one year and thereafter to be renewed for a further period of one year at a time unless otherwise ordered by this Court. (ii) All the disputes forming the subject matter of the Company Petition are referred to the sole arbitration of Mr. Snehal Shah, Advocate. 2 cp-146-10 (iii) The arbitration costs shall be initially borne by the parties equally. (iv) The venue of arbitration shall be at Mumbai. (v) All contentions of the parties are kept open. (vi) The learned Arbitrator shall endeavour to pass an Award within a period of six months from the date of this order. 2. The Company Petition is accordingly, disposed of with no order as to costs. [ S.J. KATHAWALLA, J. ]