JUDGMENT

Sanjeev Narula, J. - Ashiana Infrabuild LLP - the Petitioner herein - by way of the instant petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 [hereinafter referred to as 'the Act'], seeks appointment of the Arbitral Tribunal for adjudication of the disputes arising out of certain agreements between the parties.

Brief facts:

2. The brief facts that are necessary for the disposal of the present petition are as follows:

2.1. The parties herein entered into a Joint Venture Agreement dated 24th March, 2011 [hereinafter referred to as 'JVA'] for the re-development/reconstruction of a residential project in Mumbai.

2.2. As a result of certain issues arising therein, a Cancellation Agreement dated 1st April, 2017 [hereinafter referred to as 'CA'] was executed, by virtue whereof, the JV, along with all the rights and obligations arising thereunder, stood cancelled.

2.3. Parties also agreed that the legal entity, "M/s. S.D. Bhalerao Constructions Pvt. Ltd. - Project Building No. 58 - JV" shall automatically come to an end and all financial liabilities of the Project will stand merged and taken over by the Respondent w.e.f. 01st April, 2017.

2.4. Petitioner conten