1. A. No. 5296/2002 : This application is to direct the respondents / defendants to furnish security for the suit claim of Rs.13,41,165.75 with interest and subsequent costs and in the event of failure, to pass an order of Attachment before Judgment of the movables shown in the Judges summons.

A. No. 918 of 2003 : This Application is filed to set aside the order passed in A. No. 5296 of 2002 directing the respondents / defendants to furnish the security.

A. No. 927 of 2003 : This application is filed under S.8 of the Arbitration and conciliation Act to refer the claim to Arbitration.

All these applications are heard together and disposed of by this common order. For Convenience, parties are referred to as in their rank in the suit.

2. Plaintiff's claim of money for recovery of Rs.13,41,165.75 is based on the Goods / Gaskets sold and supplied at Delhi Defendants' principal office and at their various branches of Jodhpur, Ludhiana etc. On the said transaction, after giving credit to various payments made by the defendants, a total sum of Rs.9,10,739.53 was found due towards the balance principal as per the plaintiff's statement of account. In spite of repeated demands and issuance of not