SUDHANSU SEKHAR PAUL Vs. AJAENDU PAUL

JUDGEMENT

(1.) THIS application is for setting aside an interim award made and published by the arbitrator on 29.3.83.

(2.) THE disputes between the parties arose out of two partnership business carried on by the petitioner and the respondent Nos.1, 2, 4, 5, 6 and 8 under the name and style of Messrs Govinda Sheet Metal Works and Foundary and Messrs Gopinath Paul and Sons pursuant to the deed of partnership deed dated 11.4.67. It is the petitioner's case that he has been completely ousted by the respondent partners and they have been misappropriating the partnership funds and manipulating the Books of Accounts by making false entries therein. It is further alleged that the respondent partners did not allow the petitioner to inspect the accounts excepting for a short period which he somehow or other managed to see. As it was not possible to carry on the said business anymore the petitioners took out an application under section 20 of the Arbitration Act for filing the arbitration agreement contained in the Partnership Deed and for referring the disputes regarding the accounts as well as for dissolution of the partnership. THE said application came up for hearing on 11.4.79 and by consent of the parties an order was made appointing the present arbitrator to give decision on all the disputes in the petition exception the question of dissolution of the partnership but including the question as to how much would be payable to the petitioner by the respondent partners on proper accounting". THE money due to the petitioner will have to be paid within the time to be fixed by the arbitrator. THE arbitrator was further given liberty to engage a surveyor and an accountant, if he would think fit. It is, therefore, obvious that the petitioner did not press for the dissolution of the partnership and agreed to retire upon receipt of his just dues on proper accounting.

(3.) THE minutes of the said meeting also recorded: