ORDER :

Heard Mr. Kakara Venkata Rao, learned counsel for the applicant. Also heard Mr. C.V. Mohan Reddy, learned senior counsel, assisted by Mr. A. Krishnam Raju, learned counsel for the respondent.

2. This application is filed under Section 11(5) and (6) of the Arbitration and Conciliation Act, 1996 (for short, ‘the Act of 1996’) seeking appointment of a sole arbitrator to resolve the dispute between the parties under the agreement dated 04.09.2015.

3. The case of the applicant company, in short, is that the applicant company is a private limited company engaged in the business of production of oil and natural gas and marketing of the same. The respondent company, which is also a private limited company, is involved in the business of manufacturing and sale of ceramic tiles and sanitary-ware. The respondent company had approached the applicant for supply of 40,000 standard cubic meters of natural gas per day to its factory at Samalkot. Accordingly, the applicant company had entered into an agreement with the respondent company on 04.09.2015 for supply of natural gas at a daily contracted quantity of 40,000 standard cubic meters. The period of the agreement is 36 months from the date