JUDGMENT - P.S. SHAH, J.:---This is an appeal directed against the order of Pendse, J. dismissing the appellants petition for setting aside the Award made by the Arbitrator and duly filed in Court.

2. The facts giving rise to the petition are these: The appellants are a Co-operative Housing Society registered under the Maharashtra Co-operative Societies Act, 1960, having its registered office at Mithagar Road, Mulund (East), Bombay 400 081. The respondents are Contractors carrying on the business of construction. On November 23, 1972, the appellants and the respondents entered into an agreement regarding the construction of a building for the appellant-society. Under the agreement, the construction of the buildings was to be completed within a period of eighteen months from September 20, 1971. The disputes between the appellants and the respondents led to the filing of the suit by the respondents against the appellants in the City Civil Court for an injunction restraining the appellants from taking possession of the property under constructions or from interfering with their possession till the respondents dues under the contract were paid. The respondents filed the suit for an in

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