=1= IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION APPEAL APPEAL APPEAL NO.499 NO.499 NO.499 OF 2008 OF 2008 OF 2008 IN IN IN ARBITRATION ARBITRATION ARBITRATION PETITION NO.437 OF 2004 PETITION NO.437 OF 2004 PETITION NO.437 OF 2004 Punjab National Bank ...Appellants v/s Shrikant G. Mantri ...Respondent Mr S.S. Purohit i/b M/s Kanga and Co. for Appellants. Mr Gaurav Joshi with Mr Naushad Engineer and Mr Sunil Gangan i/b M/s RMG Law Associates for Respondent. CORAM CORAM CORAM : : : D.K. DESHMUKH AND R.S. MOHITE JJ. D.K. DESHMUKH AND R.S. MOHITE JJ. D.K. DESHMUKH AND R.S. MOHITE JJ. DATE DATE DATE : 2ND MAY 2009 2ND MAY 2009 2ND MAY 2009 =2= P.C. :- 1. The Arbitrator appointed by the Bombay Stock Exchange rejected the reference of the petitioners. The Appellate Tribunal confirmed that order. The learned Single Judge also confirmed the order. Considering the nature of the transaction, we do not find any fault with the conclusions reached by the learned Single Judge. There is no substance in the appeal. Appeal is rejected. . Parties to act on the copy of this order duly authenticated by the Associate / Private Secretary of the Court. . Certified copy is expedited. ( D.K. DESHMUKH J.) ( R.S. MOHITE J.)