JUDGMENT :

1. Leave granted.

2. Heard the learned counsel for the parties.

3. By way of present appeal, the appellants challenge the judgment and order dated 1.12.2014, passed by the single judge of the High Court of Karnataka at Bangalore in Civil Miscellaneous Petition No. 167 of 2013 whereby, Justice L. Sreenivasa Reddy, former judge of the High Court of Karnataka, was appointed as Arbitrator to conduct arbitration proceedings at the Arbitration Centre, Bangalore, as per the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "the Arbitration Act") read with the Arbitration Central Rules.

4. The facts, in brief, giving rise to the present appeal are as under:

5. The appellant No.1 is a registered Charitable Trust. Rest of the appellants are Trustees of the appellant No. 1 -Trust. The appellant No.1 - Trust desired to develop the land owned by it and construct a multi-purpose community hall with office complex.

6. As such, the respondent No.1 offered to develop the said property and also to renovate the Samadhi of the founder of the Trust existing on the said piece of land. Negotiations were held between the appellant No. 1 - Trust and the respondent No.1.

7. As an outco