( 1 ) THE C. R. P. is filed against the Orders passed by the learned I Senior Civil Judge, city Civil Court, Hyderabad in O. P. No. 1 of 1997.

( 2 ) THE petitioner is the 1st respondent in the O. P. It was filed by C. Venkat Ratnam and others, who are respondents in this revision and petitioners in O. P. seeking to make the award of the Arbitrators dated 1-4-1994 Rule of the Court.

( 3 ) CERTAIN events leading to the filing of the O. P. may be stated succinctly: the parties as arrayed in the O. P. are referred to herein for the purpose of convenient disposal. The petitioners entered into an agreement of sale with the respondents on 5-8-1993 wherein the petitioners agreed to sell and part with the company under the name and style of m/s. Ideal Industrial Explosives (P) limited, registered under the Companies act and the respondents agreed to purchase the same under a Memorandum of understanding. Certain disputes arose out of the said agreement and the matter was referred to private Arbitrators namely mr. A. Narsinga Rao and Mr. Ravi S. Advocates. The Arbitrators after hearing parties has passed the consent award on 1-1-1994. The said award was filed by the arbitrat