1. By this Petition filed under section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the said Act) the Petitioner seeks an injunction restraining the Respondent No.1 from appointing any other builder/Developer to re-develop the property described in prayer (a) of the petition.

Some of the relevant facts for the purpose of deciding this petition are as under:

2. The respondent no.1 is a Co-operative Housing Society. The Respondent Nos. 2 to 33 are members of the respondent No.1 society. Respondent nos. 34 is impleaded as party-respondent pursuant to an order dated 9.7.2013 passed by this Court.

3. The respondent no.1 society wanted to re-develop the property described in prayer clause (a) of the Petition. The respondent No.1 is a lessee of the Maharashtra Housing and Area Development Board (MHADA) in respect of the said property. On 12.7.2012 the petitioner submitted a proposal to the first respondent in respect of re-development of the said property.

4. On 16.7.2012 the respondent No.1 passed a resolution to cancel the then existing agreement between Shikara Constructions Pvt. Ltd. The respondent No.1 resolved to appoint the Petitioner as a Devel