(1.) Heard learned counsel for the respective parties.
(2.) This arbitration application has been filed under Section 11(5) read with Section 11(6) of the Arbitration and Conciliation Act, 1996 (hereinafter to be referred as 'the Act of 1996') for appointment of an Arbitrator for settlement of the disputes and differences between the parties.
(3.) There exists an arbitration clause No. 64(1)(i) in the agreement/contract, which reads as under:-