-1- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION NO. 208 OF 2006 Vama Apparels (India) Pvt. Ltd. ... Applicants Versus Juniper Hotels Pvt. Ltd. ... Respondent Ms. Agnes Bardes, instructed by M/s. Thakore Jariwala & Associates, for the applicants. Mr. Chirag Balsara for the respondent. CORAM: SWATANTER KUMAR, C.J. DATE: JUNE 08 , 2007. P.C. Learned counsel appearing for the parties state that they have no objection if each of the parties to this application nominate its Arbitrators and the two nominated Arbitrators in turn appoint the third Arbitrator in terms of the arbitration agreement between the parties. Counsel appearing for the respondent has placed on record a copy of the letter dated 17th March, 2007, nominating Dr. Justice B.P. Saraf, former Chief Justice of Jammu and Kashmir, as their Arbitrator while the applicants nominated Mr. Ajay Katlawala as their Arbitrator. Both these Arbitrators would appoint a third Arbitrator and proceed with the -2- arbitration proceedings in accordance with law. Liberty to the parties to file their respective claim/counter claim before the Arbitrators. The application is disposed of in the above terms, while leaving the parties to bear their own costs. CHIEF JUSTICE