( 1 ) THIS petition under Section 9 of the Arbitration and conciliation Act, 1996 (hereinafter referred to as "the Act" only) has been filed with a prayer to restrain the respondent from giving or parting with the possession of the ground floor portion at A3, Green Park, New Delhi, in which the restaurant "red snapper" had been running to anyone else and further restraining the respondent from entering into any agreement/arrangement with anyone regarding the management of the said restaurant/outlet.

( 2 ) THE petitioner and the respondent herein had entered into the agreements dated 1. 10. 2001 and 26. 11. 2001 under which the respondent s restaurant/bar called "red Snapper" at respondent s "sartaj Hotel" at Green Park, New Delhi was handed over to the petitioner for its management and administration for a total rental of Rs. 2,25,000/- per month. The respondent which owns the aforesaid Hotel was already running the said restaurant/bar but vide the two agreements mentioned above, the restaurant/bar along with its furniture, fixtures and fittings, kitchen equipments, manpower, air-conditioners etc. was entrusted to the petitioner for a period of three years w. e. f. 1. 1