JUDGMENT

VERMA, J.— This appeal by special leave is by the Indian Oil Corporation Ltd. against the judgment of the Punjab and Haryana High Court in Civil Revision No. 2340 of 1984, decided on November 5, 1984, dismissing the revision against the order dated July 28, 1984, passed by the Additional District Judge, Amritsar, in C.M.A. No. 22 of the 1983, affirming the order dated October 19, 1983 of the Sub-Judge, 1st Class, Amritsar, in Suit No. 376 of 1983 by which the appellants application made under Section 34 of the Arbitration Act for stay of the suit was dismissed. The brief facts giving rise to this appeal and indicating the points for decision herein are now stated.

2. A Distributorship Agreement dated April 1, 1976 was made between the Indian Oil Corporation Ltd. (hereinafter called as the Corporation) and the Amritsar Gas Service, respondent 1, as distributor of the Corporation for sale of the Corporations Liquefied Petroleum Gas (LPG) known as Indane in cylinders only for household consumers and commercial consumers in the area at Amritsar, specified in the agreement. The terms and conditions of distributorship were specified in the agreement. Clause 27 of the agreement pr