( 1 ) ON the receipt of a tender from M/s. International Chemicals Corporation (India) (the respondents herein), an Acceptance of Tender No. CDP-2/103/52/049/28-7-73 (7)/paod/ 1152 dated August 13, 1974 for the supply of 3,700 numbers Piperazine Adipate Container of 500 grams @ Rs. 34 per unit amounting to Rs. 1,25,800 by November 30, 1974 was issued by the Union of India (the petitioner herein ). The said Acceptance of Tender was subject to the conditions of the contract contained in Form No. DGSandd-68 (Revised) including Clause 24 contained therein which is the arbitration agreement between the parties. Certain disputes and differences arose between the parties to the said contract. An application under Section 20 of the Arbitration Act, 1940 (hereinafter REFERRED TO to as the Act) was filed by the respondents herein praying that the said arbitration agreement be filed in this Court and disputes/differences between the parties to the contract be REFERRED TO to arbitration in accordance with the said arbitration clause. This was registered as suit No. 240-A of 1975.

( 2 ) THE respondent herein also filed an application, being IA 1063 of 1975 in suit No. 240-A of 1975