JUDGMENT - LODHA R.M., J.:---This appeal is directed against the judgment and order dated 1st November, 1995 whereby the learned Single Judge dismissed the arbitration suit filed by the appellant herein under section 20 of the Arbitration Act, 1940.

2. For the sake of convenience we shall refer the present appellant as the contractor and the first respondent as the Indian Airlines. The Indian Airlines invited tenders in the year 1988 for construction of their building at Pune. The contractor responded to the said tender. Ultimately, the contract was arrived at between the contractor and the Indian Airlines for construction of Indian Airlines building at Pune. The general conditions of the contract formed part of the terms and conditions of the said contract between the contractor and the Indian Airlines. The contract terms, thus, provided that all questions and disputes arising by and between the parties out of and/or in relation thereto shall be referred to the arbitration as provided therein. The contractor in the suit filed under section 20 of the Arbitration Act, 1940 (for short "Act of 1940") averred that as per the contract, the work was commenced for construction of the Indi

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