( 1 ) THIS order shall dispose of the main petition as well as the application under order 39 Rule 4 Civil Procedure Code. In this petition under Section 9 of the arbitration and Conciliation Act, 1996 (hereinafter referred to as act ) an ex parte order was passed on 5/4/2001 whereby status quo was to be maintained with regard to the functioning and management of the Atlas cycle s Malanpur Unit in view of the following:-

(I) Clause 1 of the Memorandum of Understanding dated 20/8/2000 executed between the parties to the effect that the petitioner will continue to look after the production. Tool Room, Corporate Law, Human Resources development, Industrial Relations and Security Department for Atlas Cycles Industries Sonepat Unit and also the entire functioning of Limrose Engineering Works Pvt. Ltd. and the Atlas Cycle Malanpur Unit as before; (ii) Terms of settlement of interim arrangement reached between the parties before the learned Sole arbitrator on 10/9/2000 to the effect that each of the family members shall continue to hold the post/designation that they are holding in the Company and shall continue to look after the work and exercise the powers within the framewo