JUDGMENT :

Alok Sharma, J.

1. This application has been filed under Section 11 (6) of the Arbitration and Conciliation Act, 1996 (hereinafter 'the Act of 1996') seeking appointment of an Arbitrator pursuant to Clause 20.13 of the share purchase agreement executed between the applicant and non-applicant no. 1 following the Memorandum of Understanding (MOU) dated 07.12.2017 between them for transfer of shares in the non-applicant no. 2-Amrit Environmental Technologies Pvt. Ltd. Clause 20.13 of the share purchase agreement dated 27.06.2018 which reads as under:-

20.13 Alternate Dispute Resolution: That in case of any dispute arising between the parties in respect of meaning and interpretation with regards to any of the clauses of this Agreement or in respect of its execution or any other disputes relating to or concerning thereto in respect of the business of this Agreement shall be referred to the sole arbitrator appointed by mutual consent in accordance with the provisions of the Arbitration and Conciliation Act 1996 and his decision shall be final and binding upon all the parties hereto. The venue of Arbitration shall be Jaipur. The language of arbitration shall be English. The cost o