SUVIR SEHGAL, J.

1. This petition has been filed under Section 11 (6) of the Arbitration and Conciliation Act, 1996 (for short “the Arbitration Act”) to adjudicate the disputes and differences between the parties.

2. Mr. Dheeraj Mahajan, counsel for the petitioners has submitted that petitioner No.1 is the son of petitioner No.2, who is the brother of the respondent. M/s V. Wadhwa & Co., a Chartered Accountancy firm, petitioner

No.3, was started by them by way of a partnership. An Instrument of Partnership dated 01.05.2019, Annexure P-1, was executed and Clause 30, thereof, provided for the resolution of disputes through the medium of arbitration. Petitioner No.1 was partner to the extent of 30%, whereas petitioner No.2 and the respondent were partners to the extent of 35% each. He alleges that the respondent committed various acts detrimental to the KAMAL SHARMA interest of the firm and started a proprietorship CA firm with a similar name. When the petitioner protested, by notice dated 27.04.2022, Annexure P-2, respondent dissolved the firm without settling the accounts. Petitioner responded by sending a reply dated 29.04.2022, Annexure P-3, and as disputes arose between the parties,