ORDER :

Heard Sri Vedula Srinivas learned counsel for petitioner, learned Government Pleader for Industries and Commerce for respondent no.1, and Sri P.Vishnuvardhana Reddy learned counsel for 2nd respondent.

2. Facts on record as averred in the affidavit filed in support of the writ petition and in the counter affidavit filed by the 2nd respondent disclose respective stands as under:

3. Petitioner claims to be the infrastructure conglomerate working in the field of building construction, pipeline works, power plants, mining, etc. GMR awarded the contract for civil and structural works for establishing 15MW Solar Power Plant in Charanaka village of Patan District in the State of Gujarat. The value of the contract was Rs.9,59,05,479/-. Consequently, petitioner issued letter of intent dated 04.06.2011 in favour of 2nd respondent for supply, fabrication and erection of cold rolled structures including transportation and installation of modules along with necessary civil and structural works for foundation and support structures for 15 MW Solar Power Plant. The letter of intent binds both parties. Clause-15 provides for dispute resolution mechanism. It requires the parties to refer a disp