1. This is a petition filed by Arantee Manufacturing Corporation, a partnership firm (plaintiffs) against Bright Bolts Private Limited (defendants) for an order that the arbitration agreement contained in Cl. 12 of the sole selling agency agreement, copy whereof has been annexed as Ex. F to the petition, be filed in this Court and for an order of reference referring all disputes and differences between the plaintiffs and the defendants relating to the sole selling agency agreement to the arbitration of an arbitrator or arbitrators in accordance with Clause 12 of the said agreement and for incidental reliefs.

2. The petition is filed in the following circumstances : The plaintiffs have alleged that the defendants, who are private limited company manufacturing nuts, bolts, screws and hardware, had negotiations with them for the purpose of appoint