SUBHASH AGGARWAL AGENCIES Vs. BHILWARA SYNTHETICS LIMITED

JUDGEMENT

(1.) The facts in brief leading to this civil appeal are as follows:

(2.) By an order dated 20-11-1981, the learned single Judge of Delhi High Court directed in terms of the concession made on behalf of the Association and the sole Arbitrator, a reasoned award shall be passed by the Arbitrator.

(3.) The sole Arbitrator (Mohan Lal) entered upon the reference. On 19-7-1983, by a reasoned award, he awarded a sum of Rs.1,97,891.81 in favour of the appellant against the first respondent. This amount was also to carry interest @18% per annum from the date of the award till the date of payment. Aggrieved by this award the first respondent preferred an appeal as per Rule 37, Regulation 7 of Delhi Hindustani Mercantile Association Rules and Regulations (hereinafter referred to as 'the Rules'). The appeal was heard by the Tribunal. By an order dated 24-2-1984, the Tribunal confirmed the award of the Arbitrator without assigning any reasons.