( 1 ) BY this application the applicant seeks to appoint independent Abitral tribunal under Sections 11 (6) of the Arbitrtion and Conciliation Act, 1996 (for short the Act ).

( 2 ) IT is averred by the applicant that on december 31, 2003 a partnership deed was executed by the applicant and the respondent for the purpose of running bore-well digging business. Clause 13 of the said deed that related to Arbitration, reads as under :-

"that any dispute or difference which may arise between the partners or between their representatives with regard to the constitution, meaning, effect of this deed or any part or respecting account, profit and loss of the business or right and liabilities of partner under this deed or on the dissolution or winding up of the business or ay other matter relating to the partnership profession shall be referred to arbitration and all the provisions of the Indian Arbitration Aet shall apply. "

( 3 ) AFTER having borrowed loan from City corporation Finance Ltd. , two trucks were purchased and machineries got installed by the firm. However with mutual consent of partners the firm was dissolved on August 26, 2005. A decision was arrived at between the par