SATISH CHANDRA AGARWAL Vs. DINESH CHANDRA AGARWAL

JUDGEMENT

(1.) SATISH Chandra Agarwal is appellant, his brothers, Dinesh Chandra Agarwal, Naresh Chandra Agarwal and Girish Chandra Agarwal are respondents.

(2.) SHATRUGHAN Prasad was the father of the appellant and respondents. After his death the appellant and respondents reached to an agreement for partition and allotment of share in the joint family properties and business on 28.11.1999. Besides some of the properties and share in the business allotted to Satish, appellant, it was agreed that Naresh and Dinesh, respondents 1 and 2 would pay Rs. 50 lakh to the appellant in lieu of the share in other properties.

(3.) MODIFYING the mutual agreement dated 28.11.1999, the Arbitrator passed an award on 21.12.2001 allotting various shares to the appellant and the respondents without making provision for payment of Rs. 50 lakh to the appellant.