JUDGMENT

V. Kameswar Rao, J.

1. The present petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 ("Act of 1996", hereinafter) seeking appointment of a sole arbitrator for the resolution of disputes between the parties under a Contract dated June 21, 2012.

2. At the outset, I may briefly narrate the facts which have lead to the filing of the present petition. The petitioner entered into a cost sharing agreement with Haryana Urban Development Authority ("HUDA", hereinafter), for external development works for improvement of certain road networks in Gurgaon, Haryana. The respondent presented itself as a prominent infrastructure development company to the petitioner and based on its representation, the petitioner awarded development works to be carried out in the project to the respondent.

3. Subsequently, the petitioner entered into a separate contract agreement dated June 21, 2012 ("contract", hereinafter) with the respondent. The term of the contract period was for 24 months and total price of the contract was Rs.394,30,00,000/-. However, the said project was not completed because of various defaults on the part of the respondent, and the pro