Judgment : 1. By this petition filed under section 9 of the Arbitration & Conciliation Act, 1996, the petitioner seeks stay of the, implementation and or operation of the termination notice dated 17th December, 2012, issued by the respondent to the petitioner purporting to terminate hotel agreements and seeks injunction restraining the respondents from assigning in any manner acting on the basis or in furtherance of or taking any steps pursuant to the purported termination and termination notice dated 17th December, 2012. 2. Dr. Tulzapurkar, the learned senior counsel appearing for the respondents raises a preliminary objection in respect of the maintainability of this petition in this court. Both the parties through their respective learned senior counsel addressed this court on the issue of jurisdiction. 3. Some of the relevant facts for the purpose of deciding the issue jurisdiction of this court are set out as under: (a) The Petitioner is carrying on business and has its registered office at Mumbai. The respondent is a company incorporated under the laws of Singapore and has its registered branch office in India at Haryana. The respondent carries on business of operating hotels under brand “Shereton” in India and elsewhere and amongst other properties, it is operating hotels under the operating service agreement dated 25th June, 2010 executed between the parties as amended by the first amendment to the operating service agreement. Both the parties simultaneously entered into centralized service agreement dated 25th June, 2010 and the system Licence and Technical Assistance Agreement dated 25th June, 2010. Vide its letter dated 17th December, 2012, the respondent issued notice to the petitioner that the operating service agreement and allied agreements shall be terminated with effect from 11.59 PM on 17th January, 2013. The Petitioner vide its letter dated 14th January, 2013 replied to the said notice issued by the respondent and denied the allegations made in the notice issued by the petitioner. The Petitioners therefore filed the present proceedings for seeking interim measures under section 9 of the Arbitration & Conciliation Act, 1996. 4. Dr. The Petitioner vide its letter dated 14th January, 2013 replied to the said notice issued by the respondent and denied the allegations made in the notice issued by the petitioner. The Petitioners therefore filed the present proceedings for seeking interim measures under section 9 of the Arbitration & Conciliation Act, 1996. 4. Dr. Tulzapurkar, the learned senior counsel appearing for the respondents submits that both the parties have agreed under the operating service agreement dated 25th June, 2010 that all the controversies, disputes or claims between them shall be resolved in connection with the said agreement by submitting to the final and binding arbitration which shall be administered by Singapore International Arbitration Centre (hereinafter referred to as SIAC) in accordance with its arbitration rules for the time being in force. The learned senior counsel placed reliance on clauses 17.1.1 to 17.1.2 of the said agreement which are set out as under: “17.1.1 : Arbitration Required : The Parties agree for themselves and each of their respective Parent Companies, Equity Owners and Guarantors, and each of their respective Affiliates, and each of the shareholders, trustees, beneficiaries, directors, officers, employees or agents of any of the foregoing, that any and all controversies, disputes, or claims arising from or relating to or in connection with this agreement (including any question regarding its existence, validity or termination or the performance or non-performance of any obligations set forth herein or the relationship of the Parties hereunder) shall be subject to, and resolved in accordance with, this Article 17. (For the purpose of this Article 17, the term “Party” shall refer to each of the Persons referenced in this Section 17.1.1.). 17.1.2 : Arbitration Proceedings : Any and all controversies, disputes or claims between the Parties arising from or relating to or in connection with this Agreement shall be submitted to final and binding arbitration upon demand by a Party by providing written notice to the other party (“Arbitration Notice”). The arbitration shall be administered by the Singapore International Arbitration Centre (SIAC”) in accordance with its arbitration rules for the time being in force (the “Arbitration Rules”) (if the SIAC no longer exists, the Parties shall agree on a substitute arbitration administrator within 30 days of the Arbitration Notice, failing which the arbitration shall proceed as an ad-hoc arbitration). The arbitration shall be administered by the Singapore International Arbitration Centre (SIAC”) in accordance with its arbitration rules for the time being in force (the “Arbitration Rules”) (if the SIAC no longer exists, the Parties shall agree on a substitute arbitration administrator within 30 days of the Arbi