Respondents' argument that there was no arbitrable controversy since grievance procedures had not yet been exhausted and a demand for arbitration not yet served is at odds with the plain purpose of CPLR 7502 (c) to preserve the status quo so as to insure that an arbitration award will not be rendered ineffectual. Given the time frames of the grievance procedures, no award could have been rendered by December 24, 1991. Nor was petitioner guilty of laches for not immediately...
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