1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. COMPANY PETITION NO.457 OF 2008 Lionel India Ltd. ..Petitioner. Vs. Tata Aig Life Insurance Co. Ltd. ..Respondent. .... Mr. Srenik Singhvi with Ms Hemani Jhariya for the Petitioner. Mr. Rahul Narichani i/b Mulla & Mulla & C.B.C. for the Respondent. .... CORAM : DR. D.Y. CHANDRACHUD, J. 25th June, 2009. P.C. : At the hearing of the Company Petition, learned counsel appearing for the Respondent company fairly stated before the Court that parties are agreeable to the dispute between them being referred to arbitration. Hence on the request of Counsel and by consent, the following order is passed : i) The disputes and differences between the parties arising out of the claim made by the Petitioner to the extent of Rs.18,09,289/- together with interest shall be referred to arbitration; ii) Mr. R.I. Chagla, advocate is appointed as sole arbitrator under the provisions of the Arbitration and Conciliation Act, 1996; iii)Parties are agreed that the pleadings in the Company Petition shall 2 be treated as pleadings before the arbitral tribunal. Parties would be at liberty to move the arbitrator in the event that they desire to supplement the pleadings in any respect; iv)The arbitrator is requested to expedite the disposal of the arbitral proceedings and to endeavour a disposal preferably within a period of three months of the date on which he enters upon reference; v) Since parties have agreed to the reference of their dispute to arbitration, the Company Petition is disposed of as not pressed. vi)All the rights and contentions of the parties are kept open to be agitated in the arbitral proceedings. *****