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1. The petitioner has preferred this petition under Section 11(5) of the Arbitration and Conciliation Act, 1996, for short hereinafter referred to as the 'Act', seeking appointment of arbitrator to resolve the dispute that has arisen between the parties as per Clause 32 of the Deed of Sub-Lease dated 09.08,2006.

2. The petitioner is the company incorporated under the provisions of the Companies Act, 1956. It is carrying on business inter alia of IT enabled services. The respondents are also companies incorporated under the Companies Act, 1956. The first respondent entered into a registered Deed of Sub-Lease with the petitioner on 09.08.2006 in respect of a portion of the first floor of "Mfar Silverline Business Tech Park", claiming to be the allottee of the said property from the Karnataka Industrial Areas Development Board, as per Annexure-A.