: 1 : USJ IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.805 OF 2009 Citicorp Finance (I) Ltd. .. Petitioner v/s. Rajendra Maruti Chowdhary & Anr. .. Respondents ........ Mr. Umang Jaju i/by D.H. Law Associates for petitioner. None for respondents. ........ CORAM : R.Y.GANOO, J. Dated : 15th March, 2010. P.C. : 1. None for respondent nos.1 and 2. Affidavit of service so far as respondent no.1 is filed. According to learned advocate for the petitioner, packet sent to respondent no.2 has not returned to the petitioner. Affidavit of service filed by the petitioner is taken on record. 2. Heard learned advocates for the petitioner. According to the petitioner, petitioner had granted loan to respondent no.1 for purchase of equipment and machinery as set out in para 7 of the petition. Respondent : 2 : no.2 is the guarantor. According to petitioner, respondent nos.1 and 2 have failed to comply with the financial commitments. Petitioner claims that arbitration proceedings are already in progress. It is in this circumstances, reliefs in terms of prayer clauses (a) to (e) have been sought. 3. I have heard learned advocate for the petitioner. Now that the arbitration is in progress, in my view, it would be proper to grant relief in terms of prayer clause (e) so that during the pendency of the arbitration proceedings, respondent no.1 will not create third party rights in respect of the said asset. No relief can be granted against the respondent no.2, the guarantor. If at all, petitioner succeeds in getting an award against both the respondents, certainly it can be forced against the respondents. Hence, the following order. ORDER (i) Arbitration Petition is disposed of. There shall be an order of injunction in terms of prayer clause (e). (ii) Request for other prayers is declined. There shall be no order as to costs. [R.Y.GANOO, J.]