(1.) Heard.
(2.) Rule made returnable forthwith. The writ petition is heard finally with the consent of the learned counsel for the rival parties.
(3.) The petitioners have challenged order passed by the Court of District Judge-1, Malkapur, whereby an application filed by them under section 34 of the Arbitration and Conciliation Act , 1996 (hereinafter referred to as "said Act") has been dismissed for want of jurisdiction.