( 1 ) THIS is a petition under section 8,9,10, 11 and 20 of the Arbitration Act.

( 2 ) THE facts are not in dispute and may be briefly stated. On or about August 25, 1970, defendant No. 1 entered into an agreement of lease with the petitioner and its partners who are REFERRED TO as respondents 3 to 5 in respect of the factory premises known as rattan Steel Ltd. situated in village Lohta Dehat Amanat in the District of Varanasi consisting of lands and plants, machineries and other equipments in working and running condition as detailed in schedule annexed to the lease deed, which was duly registered with the Sub Registrar at Varanasi. The lease was for a period of three years with effect from July 1, 1970, with, a renewal option on the same terms and conditions. The lease deed contained an arbitration clause.

( 3 ) IT appears that some disputes arose between the parties touching the various questions with regard to the rights and obligations of the parties flowing from the lease deed which were sought to be referred by respondent No. 1 to the arbitration of Shri A. N. Parikh, Advocate, who is REFERRED TO as respondent No. 2 in the petition. The petitioner, however, cla