( 1 ) THIS Miscellaneous first Appeal preferred by the Karnataka State road Transport Corporation under Section 37 (l) (b) of the Arbitration and Conciliation act, 1996 (for short the Act), is directed against the Judgment and Order dated 20th june, 2000 passed in Arbitration Suit No. 6 of 1998 on the file of the Court of the VI Addl. City Civil Judge, Bangalore. By the impugned judgment and order, the Court below has dismissed the petition filed by the appellant under Section 34 of the Act and Section 30 of the Arbitration Act, 1940.

( 2 ) THE facts of the case in brief be noted first and they are as follows : The respondent herein is a Class-I Contractor and an agreement was executed between the respondent and the appellant, whereby the respondent was entrusted the work of construction of permanent bus-station at shidlaghatta in Kolar District under Contract no. 20/93-94, dated 23-9-1994. The cost of the work was Rs. 28. 60 lakhs and the stipulated period for completion of the work was 12 months.

( 3 ) THE work could not be completed within the stipulated period and as a result the contract between the parties was terminated. The same work was entrusted to some ot