Order reversed, with costs, and the judgment of Supreme Court, New York County, denying the application for a stay of arbitration, reinstated (see Matter of United Nations Dev. Corp. v Norkin Plumbing Co., 45 N.Y.2d 358).
Concur: Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and MEYER.