JUDGMENT (Oral)

(Video-Conferencing)

1. This is a petition under section 11(6) of the Arbitration & Conciliation Act, 1996 (hereinafter referred to as "the 1996 Act"), seeking reference of the dispute between the parties to arbitration.

2. The facts of the case, as set out in the petition, which disclose the existence of arbitrable dispute, may be enumerated thus:

(i) The petitioner owns the premises at E-8,East of Kailash New Delhi 110065. Lease, in respect thereof, was granted to the defendant, who is the sole proprietor of an establishment, named The Pet Store - with a registered lease deed dated 27th June, 2018.

(ii) The lease covered the basement and part of the ground floor of the aforesaid property (hereinafter referred to as "the property"). The respondent was required to pay rent @. 8,50,000/- plus GST per month which could be increased by 10% every three years. The tenancy was over a period of fifteen years with the initial seven years s