IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH FAO No. 3393 of 2008 Date of decision : November 09, 2009 M/s. Sohal Tractor & Farm Machinery & others Appellants Versus M/s. HMT Ltd. Pinjore Respondent CORAM : HON'BLE MS. JUSTICE NIRMALJIT KAUR Present : Mr. H.S. Saggu, Advocate for the appellant Mr. Anand Chhibber, Advocate for the respondent NIRMALJIT KAUR, J. (ORAL) This is an appeal against the order dated 6.5.2008 vide which the application under Section 9 of the Arbitration and Conciliation Act, 1996 was accepted. While challenging the said order, learned counsel for the appellant submitted that the total claim was of Rs. 20 lacs, hence the direction to furnish security of Rs. 1.50 crores is exaggerated and unnecessary. It is further stated that in view of the same there is no requirement to furnish such a heavy security. Learned counsel for the respondent has placed on record the copy of award dated 6.2.2009 vide which the award is to the tune of Rs. 20,53,488.02 as on 30.11.2006 against tractor account and a further sum of Rs. 4936.00 against spare parts account, besides a sum of Rs. 2641.00 as on 28.2.2007 against form 'C'. In view of the said award, learned counsel for the respondent has no objection if the order dated 6.5.2008 is modified. Accordingly, the present appeal is partly allowed and the order dated 6.5.2008 is modified with a direction that the appellant shall now FAO No. 3393 of 2008 2 furnish security equivalent only to the amount as awarded vide award dated 6.2.2009 placed on record. Disposed off accordingly. (Nirmaljit Kaur) 09.11.2009 Judge reena