JUDGMENT (Oral)

(video-conferencing)

C. Hari Shankar, J.

ARB.P. 341/2021

1. Mr. Akhil Sibal, learned Senior Counsel for the respondent, submits that he has no objection to the disputes in this petition being referred to arbitration.

2. The stakes are stated to be in the area of around Rs.14 crores to Rs.15 crores, though Mr. Ashisk Dholakia, learned Senior Counsel for the petitioners, submits that they may be higher.

3. The facts stated in the petition, giving rise to the disputes between the parties, are thus set out in paras 1 to 19 of the petition:

"1. That the firm under the name and style of M/s Miki Exports International was originally constituted between three partners namely, Mr. Sunil Sud [Petitioner No. 1], Mr. Ajay Sud [Respondent] and the mother of the Petitioner No. 1 and the Respondent under the deed of partnership dated 03.11.1993 [hereinafter referred to as "the Partnership Firm"]. The Partnership Firm was set up to, inter alia, carry on the business of manufacturing, processing, preserving, exporting and trading in frozen meat, food, eggs and vegetables for human and animal consumption.

2. That during the course of the business of the Partnership Firm, the fo