JUDGMENT

N.P. SINGH, J.

(1) LEAVE granted.

(2) THE appellants have questioned the validity of the order, passed by the High court, rejecting the claim of the appellants that there was no agreement between the appellants and the respondent - Delhi Development Authority, (hereinafter referred to as "the respondent") to refer the dispute between them to an arbitrator.

(3) APPELLANT 4 - M/s Jain Rolling Mills is a registered partnership firm and Appellant 1 (hereinafter referred to as "the appellant") is the Managing Partner. The respondent issued a notice inviting tenders for supply of Steel bars of various diameters to the extent of 20,000.00 mt. tonnes. The appellant obtained a tender form from the said respondent on 16/11/1982. The tender was submitted along with a covering letter dated 18/11/1983. After negotiations, the tender was accepted only for supply of 10.000 mt. tonnes of steel bars of various diameters. A formal agreement was executed. Thereafter some dispute arose between the parties and it appears that the respondent vide its letter dated 23/10/1984 rescinded and annulled the contract for the balance quantity of 3513.385 tonnes. The e