(1.) INVOKING Section 37 of the Arbitration and Conciliation Act, 1996 (hereinafter called as 'the A.C. Act, 1996') and calling in question the legality and validity of order dated 22 -1 -2005 passed by District Judge, Korba in Miscellaneous Civil Case No. 76/2004 in Bharat Aluminium Company Limited v. M/s. Jagdish Prasad Agarwal by which the appellant's application under Section 34 of the A.C. Act, 1996 to set aside the award dated 27 -1 -1999, has been rejected by the learned District Judge. The facts in brief, necessary for adjudication of this appeal, are as under:
(2.) SHRI Ratnakar Banerjee & Shri Abhishek Sinha, learned counsels appearing for the appellant -Company, while questioning the award of the Joint Arbitrators and the order dated 22 -1 -2005 rejecting the application filed under Section 34 of the A.C. Act, 1996, would submit as under: -
(3.) I have heard learned counsel appearing for the parties and considered the rival submissions made therein and perused the record of court below with utmost circumspection.