(1.) THIS is an application for stay of a suit under Section 34 of the Arbitration Act made by Indian Mutual General Insurance Society Ltd. against Hardev Singh Motiram and Auto Finance Corporation who have filed a suit being Suit No. 808 of 1967 against the Insurance Company for a sum of Rs. 13,184/70p. due to them under the Policy in respect of low or damage caused to the vehicle insured.
(2.) THE said policy contains as usual an Arbitration Clause relevant of which is a follows : Clause (8)
(3.) THERE is also written in rubber stamp in the Schedule of the said policy as follows: "Arbitration proceeding contemplated in the Policy shall take place only in the City of Madras".