1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 509 OF 2009 Skip Plastics Ltd. & Ors. ...Petitioners. Vs. The Saraswat Co-op. Bank Ltd. & Anr. ...Respondents. Mr. Vishal Ghosalkar for the Petitioners. Mr. Harshad Bhadbhade i/by Ms. Swati Sawant for the Respondents. CORAM :- ANOOP V. MOHTA, J. DATED :- 7th October, 2009. P.C.- 1 The Petitioners have invoked Section 9 of the Arbitration and Conciliation Act, 1996 (for short, the Act), with following prayer:- “(a) Pending the hearing and final disposal of the arbitration proceedings the respondents its agents and servants be restrained by an order of this Hon’ble Court from attaching and selling the suit flat being flat No.201, Sea Spray CHS Ltd, Janki Kutir, Juhu, Mumbai” 2 Admittedly, the matter is arising out of Section 84 and 117 of the Multi State Co-operative Societies Act, 2002 , which bars the jurisdiction of the Civil Court. 2 3 Admittedly, the Petitioners have invoked this provision after receipt of notice dated 03/03/2009 issued under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, SRFAESI Act). 4 The SRFAESI Act itself provides the remedy under Section 17. 5 In view of this, I am not inclined to entertain this Petition. All points are kept open. 6 The Petition is dismissed accordingly. No order as to costs. (ANOOP V. MOHTA, J.)