JUDGMENT AND ORDER

Heard Ms. P. Baruah, learned counsel for the petitioner. Also heard Mr. S. Dutta, learned Senior Counsel assisted by Ms. I. Das, learned counsel for the respondents.

2] This arbitration petition under section 11(6) has been filed by the petitioners seeking direction from the Court for appointment of an arbitrator as the respondents have failed to concur on the request made by the petitioners for appointment of an arbitrator.

3] The petitioner No.1 is a proprietary concern registered under the Directorate of Industries, Assam as a Small Scale Industrial Unit having its registered office at G.N. Bordoloi Road, Ambari, Guwahati in the district of Kamrup(Metro), Assam and being so, is entitled to the rights and privileges guaranteed under the Constitution of India and other legal rights granted by various Acts, Rules, Statutes, Notifications presently being in force. The petitioners are engaged in shipbuilding activity and has its shipbuilding yard at Panikheti and had entered into agreements with the Inland Waterways Authority of India vide agreements dated 05.08.2008 and 14.03.2008 in pursuant to work orders dated 09.07.2008 and 27.02.2008 for designing, constructi