JUDGMENT

Neena Bansal Krishna, J.

1. The present petition under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "A & C Act") has been filed on behalf of the Petitioner seeking appointment of a Sole Arbitrator for adjudication of disputes between the parties.

2. The Petitioner a globally recognised Company as an Industry leader in technology, entered into the Sub-Lease Deed on 31.10.2020 with the respondent, a public incorporated Company engaged inter alia, in the business of real estate, whereby the respondent agreed to sub-lease the Ground to10th Floor of the property situated at Tower D, Logix Cyber Park, C-28 and 29, Sector-62, Noida - 201 301 ("Property") for a period of 05 (Five) years w.e.f. 1.11.2020 to 31.10.2025 on a monthly rent of INR 1,50,03,452 (Rupees One Crore Fifty Lakhs Three Thousand Four Hundred Fifty-Two only) @ Rs.46/- per sq. ft.

3. In terms of Clause 4.1 of the Sub-Lease Deed, the petitioner had deposited an Interest Free Refundable Security Deposit (IFRSD) of INR 9,00,20,712 (Rupees Nine Crores Twenty Thousand Seven Hundred Twelve only) at the time of signing of Lease Deed with the respondent.

4. The petitioner Vide e