JUDGMENT - N.D. VYAS, J.:---By the present petition, the petitioner is praying that the agreement/compromise/consent terms dated 3rd August, 1993 be taken on record and a decree be passed in terms thereof in Arbitration Petition No. 121 of 1991.

2. Arbitration Petition No. 121 of 1991 is filed by the petitioners therein (who are respondent No. 1 to the present petition) for judgment and decree in terms of Award dated 6th March 1991 made by the Arbitrators. The facts giving rise to the main petition, viz., Arbitration Petition No. 121 of 1991, and the present petition, viz., Arbitration Petition No. 27 of 1994, are as follows :

By an agreement in writing dated 18th October, 1980 entered into between the 1st respondents herein and the petitioner and respondent Nos. 2 and 3 herein, the petitioner and respondent Nos. 2 and 3 agreed to sell to the 1st respondents immovable property situate at Pune. Certain disputes arose between the parties whereupon the 1st respondents, by their letter dated 20th May, 1983, invoked the arbitration agreement contained in the said agreement dated 18th October, 1980 and referred the matter to the Arbitrators. As one of the Arbitrators resigned, an arbitra

Click Here to Read the rest of this document