1 arbp535-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.535 OF 2011 Milind Arvind Shah ....Petitioner V/s. Ravindra Namdeo Hule ....Respondent Mr.Ketan Parekh i/b K.R. Parekh & Co. for the Petitioner. Mr.Ravindra V. Sankpal for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 26TH JULY, 2011. P.C. :- 1. Subject to what is stated hereafter, the arbitration petition is disposed of in terms of the order dated 20.6.2011, for which the parties have not insisted on my furnishing reasons. 2. The Court Receiver has fixed the meeting on 12.8.2011. All that is required to be done is to appoint the highest bidder as the agent of the Court Receiver. It is to nobody’s advantage to have the property and the machinery lying idle till then. The parties are therefore, directed to appear before the Court Receiver on 29.7.2011 at 11.00 a.m. Both the parties agree to have the bidding process finalized by the Court Receiver at that meeting itself. Upon determining the highest bidder, the Court Receiver shall forthwith appoint him as the agent. 3. The arbitration petition is accordingly disposed of.