JUDGMENT

S.R.Krishna Kumar, J. - In this petition filed under Section 11(4) of the Arbitration and Conciliation Act, 1996, (for short 'the Act') petitioner seeks appointment of a Sole Arbitrator to resolve the disputes between the petitioner and the respondent in terms of Clause-7 of the Agreement at Annexure-A dated 17.07.2006 and Clause-V of the Agreement at Annexure-B dated 26.10.2012. The respondent has filed its Statement of Objections and has contested the petition.

2. Briefly stated, the facts giving rise to this petition are as follows:

The Petitioner-Lessee entered into a lease agreement at Annexure-A dated 17.07.2006 with the Lessor-Just Homes Associates in respect of the schedule property. Clause-7 of the said agreement provides for resolution of disputes between the parties by reference to arbitration with the venue for arbitration and jurisdiction of the Courts being both at Pune as well as Bengaluru. Clause 2.2 stipulated that the period of lease was 10 years with a renewal for a further period of 10 years. No.4.3 of the said agreement provided for renewal of the lease.

Under a registered sale deed dated 26.09.2012, the aforesaid Just Homes Associates sold the entire p