When the matter came on board on the last occasion, namely, 05 April, 2016, a consent order was passed under which the disputes and differences in this Company Petition were referred to arbitration under the provisions of the Arbitration and Conciliation Act, 1996. The order further directed that the Respondent Company shall deposit, in this Court, a sum of Rs.13 Lacs on or before 20 April, 2016 and that if the said deposit is made, the Company Petition will stand dismissed. I am today informed by the learned counsel for respective parties that arbitration proceedings have commenced before the Sole Arbitrator and also an amount of Rs.13 Lacs has been deposited in this Court as directed by the order dated 5 April, 2016.