JUDGMENT (Oral)

1. The present petition has been filed by petitioner seeking appointment of Sole Arbitrator under the provisions of Section 11 of the Arbitration and Conciliation Act, 1996.

2. On the last date of hearing, learned counsel for the respondent had submitted that the matter can be resolved outside court. However, learned counsel for the petitioner today submits that matter could not be settled and therefore, the present petition be heard and allowed.

3. Petitioner company is registered under the Companies Act, 2013 and is engaged in the business of managing hospitality establishments and claims to be world's leading chain of hotels, homes, and spaces. The premise of the present petition is Vendor Agreement dated 23.12.2019 entered with respondent for the purpose of purchase of electronic components and products as detailed in Schedule-A of the Vendor Agreement.

4. According to petitioner, in terms of the Vendor Agreement dated 23.12.2019, petitioner placed an order for 52,360 switches for an amount of INR. 10,34,89,540/-, payment for which was to be made within 30 days of receipt of undisputed invoices, subject to Clause 3.2 of the Vendor Agreement, which specif