1. The Court has considered the rival submissions of the parties. This is an
application for appointment of an arbitrator.
2. Mr. Suddhasatva Banerjee, learned advocate for the petitioner, submits
that the dispute arose out of a lease agreement for machinery dated
October 28, 2022. The agreement was entered into between the parties.
The petitioner, as the lessor, granted lease for eleven months in respect of
certain machines which have been described in the said agreement. The
respondent is the lessee. The monthly lease rent was Rs. 32,000/-. The
petitioner’s contention is that the lease rent was not paid and as such, in
terms of clause 14 of the said agreement, a notice invoking arbitration was
issued.