JUDGMENT/ORDER

1. Rule. Rule made returnable forthwith. With the consent of the parties, taken up for final hearing.

2. Judgment and order dtd. 30/6/2022 passed by the Additional Sessions Judge, Thane dismissing Regular Civil Appeal No. 64/2017 filed by the petitioner is the subject matter of challenge in present petition. The Appeal was filed challenging order dtd. 12/1/2017 passed by 11th Jt. Civil Judge Senior Division, Thane rejecting petitioner's application filed under Sec. 8 of the Arbitration and Conciliation Act, 1996 ("Arbitration Act").

3. Petitioner is a subsidiary of Indian Oil Corporation Limited and had floated Notice inviting tender for 'Supply and Services of Instrumentation Works'. A purchase order dtd. 20/6/2008 was issued by petitioner in favour of respondent and a Contract Agreement was executed between the parties on 13/10/2009. It appears that the work was completed and Work Completion Certificate was issued. The respondent filed Summary Suit No.91/2014 in the Court of Civil Judge Senior Division, Thane for recovery of amount of Rs.63, 51, 494.00 from petitioner alongwith interest of Rs.12, 37, 236.00.

4. An application under Sec. 8 of the Arbitration Act was fil