( 1 ) THIS Arbitration Application is filed under Section 11 of the Arbitration and conciliation Act, (for short "the New Act") read with Para 2 of the Scheme for appointment of Arbitrators framed by the Chief Justice of this Court under subsection (10) of Section 11 of the Arbitration and Conciliation Ordinance, 1996 seeking appointment of an independent Arbitrator for adjudicating the disputes that arose between the parties in connection with construction of staff quarters at Vikarabad tdu (D) under written Agreement no. 94 (CAO/c/sc/92 dated 20-8-1992.

( 2 ) THE material facts leading to filing of this application are the following: the applicant - a partnership firm - is a railway Contractor. It was entrusted with the work of construction of staff quarters at vikarabad TDU (D) by the redpondents (hereinafter referred to as "the Railways" for short) under the aforesaid agreement. The approximate value of the work that was to be done under the agreement was rs. 32,65,944/- and the schedule date of completion was 23-12-1992.

( 3 ) THE agreement contained an arbitration Clause in Clause 64 of the general Conditions of the Contract, which forms part of the agreement.