(1.) This original petition is filed under Section 34 of the Arbitration and Conciliation Act, 1996 (for brevity, "the Act") against the award of the learned Arbitrator dated 3.2.2007, granting the claimant before the Arbitral Tribunal an amount of Rs. 14,00,000/- and Rs. 90,11,070/-, in total Rs. 1,04,11,070/- with interest at the rate of 6% from the date of the award till payment. The claimant before the Arbitral Tribunal has filed this original petition.
(2.) The brief facts leading to the filing of the arbitration proceedings are as follows:
(3.) The award is questioned on various grounds, including:-