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Issues: Whether the dispute between the parties was covered by the arbitration agreement and whether the suit and interim application were liable to be disposed of upon reference of the matter to arbitration.
Analysis: The lease agreement contained a clause providing that any dispute or difference arising out of, in relation to, or in connection with the lease was to be finally resolved by arbitration by a single arbitrator appointed by the parties. In view of the agreed position between the parties and the contractual arbitration clause, the dispute was required to be referred to arbitration under the arbitration statute.
Conclusion: The dispute was referred to arbitration and the suit, along with the interim application, stood disposed of accordingly.