1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.126 OF 2010 WITH COMPANY APPLICATION NO.199 OF 2010 IN COMPANY PETITION NO.126 OF 2010 Eminent Skill Limited .. Petitioners / Applicants Vs. Venture Business Advisors Pvt.Ltd. ... Respondents Mr.D.D.Madon, Sr.Counsel a/w Mr.Naushad Engineer i/b DSK Legal for the applicants/petitioners Mr.Rahul Narichania a/w Mr.Gaurang Mehta for the respondents CORAM : S.J. VAZIFDAR, J. DATED : 14th JULY, 2010 P.C.: 1. The parties have agreed to refer all the disputes and differences between themselves including those raised in the petition and counter claims or set-off if any, to Arbitration in accordance with the Arbitration Clause contained in the agreement dated 08.09.2009. In fact, the respondents have already invoked the Arbitration Clause. Mr.Engineer, the learned counsel appearing on behalf of the petitioners, 2 states that the petitioners agree to the Arbitration Proceedings being held pursuant to the said invocation. It is also so ordered. 2. The statement made by the Company to the Court on 28.06.2010, on a without prejudice basis shall continue till the disposal of the ad- interim application to be made before the appropriate forum by the petitioners. In the event of such an application not being made on or before 16.08.2010, the statement shall cease to operate. It is clarified that the order dated 28.06.2010 was passed without considering any of the respondents contentions. Thus, the application to be made by the petitioners shall be decided on its own merits. All the rights and contentions of the parties are kept open. 3. Company Petition is disposed of. In view thereof, Company Application No.199 of 2010 also stands disposed of accordingly.