JUDGMENT

Suresh Kumar Kait, J. - The present petition has been filed by the petitioner under Section 11 (6) of the arbitration and Conciliation act, 1996 seeking appointment of sole arbitrator.

2. Learned counsel for petitioner submits that petitioner is a company and is engaged in business of construction and other development activities. Respondent is a non-government company and is a real estate developer running its business operation in NCR region. Respondent during year 2010 obtained licence bearing No.40 of 2010 for development of group housing society admeasuring 24.53 acres in sector 95 (in short 'Project'). Further, respondent informed the petitioner that it had sold the FSI of the Project to the army Welfare Housing Organization (aWHO). as per the terms and conditions entered between the aWHO and respondent, the development rights were given to the respondent for construction of Multi Storied Residential Towers and other related work for personal use of member/allottees of aWHO. Respondent in furtherance of the contracts which it had entered with aWHO, issued a letter of intent dated 25.05.2013 in favour of petitioner for execution of certain Civil & Structural Work for a