(Civil Revision Petition filed under Article 227 of the Constitution of India against the Decision of the Arbitral Tribunal to continue the Arbitration proceedings as communicated to the petitioner in the letter dated 12.2.2005 of the Arbitral Tribunal.)

This Civil Revision Petition is preferred by Shriram Investment Services Limited (hereinafter called "SISL") the respondent before the Arbitral Tribunal and Palki/Jeypad Investment (P) Ltd/Jeypad Investment (P) Ltd (hereinafter called "Palki/Jeypad") is the claimant before the said Tribunal. This petition is filed challenging the order passed by the Arbitral Tribunal as communicated to the petitioner herein in the letter dated 12.2.2005.

2. The facts leading to the filing of this revision may be set out briefly as under:-

(a) The petitioner herein started the financial institution known as "Shriram Mutual Fund" and issued a "scheme" called "Risk Guardian-95" and the same was announced for public issue from October 1995 to January 1996. The second respondent herein representing the first respondent-Palki/Jeypad showed interest in the issue floated by the SISL to the extent of nearly US $ 1 million and after discussions, SIS