arbpl641-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (LODGING) NO.641 OF 2011 L & T Finance Limited ....Petitioner V/s. M/s.Srivatsa Electricals & Ors. ....Respondents Ms.Shakuntala Joshi i/b S.I. Joshi & Co for the Petitioner. None for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 18TH JULY, 2011. P.C. :- 1. This is a petition under section 9 of the Arbitration and Conciliation Act, 1996. 2. According to the petitioner, an amount of over Rs.1.00 crore is due and payable by the respondents to the petitioner. In view of the averments in paragraph 13 of the petition, not having been denied by the respondents, the petitioner is entitled to protection. 3. The petition is therefore, made absolute in terms of prayer (a). The Court Receiver shall however, appoint the respondents as his agents but without security or royalty. Till the Court Receiver takes possession, order in terms of prayer (b), except the words bracketed in red. The petition to be heard in normal course.