P.S. GOPINATHAN, J.

1. These appeals and cross objection are preferred against the common order in O.P.(Arb.)No. 24/2011 and I.A. No. 778/2011 on the file of the District Judge, Thodupuzha. The 1st respondent in both the appeals and the cross objectioner is the petitioner before the lower court. The appellant in Arb.A. No. 54/2011 is the 1st respondent. The appellant in the other appeal is the 2nd respondent, who was subsequently impleaded in the original petition before the lower court. Hereinafter the parties are referred to as they are arrayed before the court below. In contemplation of the arbitration proceedings, the petitioner instituted the above original petition before the court below u/s 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as 'the Act') seeking interim relief against the 1st respondent with a contention that the petitioner and the 1st respondent entered into an agreement, a copy of which was marked as Ext.P2 dated 18.5.2008, in respect of Hope Plantations consisting of three tea estates, namely Glenmary, Koduvakaranam and Landrum comprising plantations, buildings, factories, other erections, fixtures, other movable and immovab