A. S. NAIDU, J.

( 1 ) THE GRID Corporation of Orissa Limited, hereinafter referred to as 'gridco'. represented through its chairman-cum-Managing Director, has filed this Writ Petition invoking jurisdiction of this court under Article 227 of the Constitution of India praying for issuance of a Writ of certiorari quashing the order dated 8th march, 2002 passed by the District Judge, khurda at Bhubaneswar rejecting its applications filed under Order 1, Rule 10 and order 6, Rule 17 of the Code of Civil Procedure in M. J. C. No. 522 of 2001.

( 2 ) ADMITTEDLY M. J. C. No. 522 of 2001 was filed by the present petitioner under section 9 (ii) (d) and (e) of the Arbitration and conciliation Act, 1996 in the court of the district Judge, Khurda for securing and preserving the property in dispute in arbitration by restraining the opposite parties, particularly opposite party No. 1, from selling away or otherwise parting with the shares held by them in the Orissa Power generation Corporation (for short 'opgc')though its subsidiaries including any financial benefit accruing to them from such shares to any third party and from availing such financial benefit themselves and directing them for arra