1. This petition is filed under section 37 of the Arbitration and Conciliation Act, 1996, (hereinafter referred to as the said Act) for impugning the order dated 19th May, 2014 passed by the learned arbitrator rejecting the application under section 17 filed by the petitioner for interim measures of protection.

2. In the arbitration petition for interim measures the petitioner had prayed for an order and direction against the respondent to deposit monies to the extent of the outstanding amounts of the petitioner under the Mud Services Contracts in the sum of USD2495809.75 and cost or in the alternative to provide security in regard to the said claim. The petitioner had also prayed for an injunction restraining the respondent from alienating, disposing of and/or otherwise encumbering any property and/or assets of the respondent until the final disposal of the arbitration proceedings and directing the respondent to disclose its assets and properties by way of affidavit.

Some of the relevant facts for the purpose of deciding this petition are as under:

3. The petitioner is a company incorporated under the laws of Singapore. The respondent is having registered office at New