IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL Arbitration Application No. 07 of 2007 M/s Lloyed Steel Industries Ltd. ……. Petitioner Versus India Glycols Ltd. ……. Respondent Mr. Nikhilesh Ramchandran and Mr. Rajeev Mohan Birkhani, Advocates for the petitioner. Mr. S.K. Posti, Advocate for the respondent. Hon’ble V.K. Gupta, C.J. In view of the fact that there is, indeed, in existence an arbitration agreement between the parties, the learned counsel for the parties submit, suggest and agree that this petition be disposed of as settled and following agreed order, with the consent of the parties be passed: The petition is disposed of as settled. With the consent of the parties and based on their agreement, Shri Justice (Retd.) M.M. Ghildiyal, former Judge of this Court, is hereby appointed as a single member Arbitral Tribunal to decide and adjudicate upon the dispute between the parties and to pass the Arbitral Award. The parties may file their claims/counter claims before the learned Arbitrator, who shall enter upon the reference immediately and without any delay and thereafter, proceed with the arbitration and ultimately pass the Arbitral Award. The Arbitrator’s fee in lump sum is fixed at Rs. 60,000/- (Rupees Sixty Thousand only), which shall be paid to him, in equal share by both the parties. The Arbitrator, in connection with the conduct of the arbitration proceedings shall also be entitled to be paid the traveling, boarding, lodging and other expense which, also, shall be borne and shared by both the parties and paid to the Arbitrator in equal shares. (V.K. Gupta, C.J.) 21.05.2008 A