(1.) IN this petition the Petitioner-Company seeks to invoke arbitration clause under Section 11 (6) of the Arbitration and Conciliation Act, 1996 for appointment of an arbitrator as per the Arbitration Agreement contained in clause 6 of the Commercial Offer (purchase order) dated 15.10.2007 and clause 29 of the Agreement exchanged between the parties on 08.11.2007.
(2.) THE case of the petitioner is as follows: 2.1. THE Petitioner-Company is registered in Dubai and engaged in the business of trading in Minerals across the world. Based on the orders from their purchasers, they procure mineral Ores from the suppliers, negotiate and finalize shipments with the ship owners and arrange for the shipment of Minerals across the world. THE Respondent is a Company registered in India using Aluminium Ore as one of the major inputs for their operations.
(3.) IN the light of the above pleadings of both the parties, heard Mr. K.K. Venugopal, learned senior counsel for the petitioner and Mr. C.A. Sundaram, learned senior counsel for the respondent.