RAM MOHAN REDDY, J.

( 1 ) THIS miscellaneous first appeal preferred by Krishna Bhagya Jala nigam Limited under Section 37 (l) (b) of the Arbitration and conciliation Act, 1996 (for short, the 'act') is directed against the Order dated 15-12-2001 passed in Arbitration Case No. 1 of 2001 on the file of the Civil Judge (Senior Division), Bijapur, dismissing the petition filed under Section 34 (2) (a) (v) of the Act, of the appellant, to set aside the award dated 25-6-2000, published on 14-11-2000, of the sole Arbitrator.

( 2 ) BRIEFLY stated, the facts leading to the filing of this appeal, are.- for the purpose of brevity, the appellant is referred to as 'kbjnl' and the 1st respondent as the 'claimant', while the 2nd respondent as the "arbitrator".

( 3 ) BY an agreement bearing No. 41 of 1993, dated 27-11-1993, entered into between KBJNL and the claimant, a Civil Contractor, work of construction of headwork under Mulawad Lift Irrigation Scheme from almatti reservoir near Bluti, estimated to cost of Rs. 6,48,82,762/- being 11. 6% above the estimated rates, was entrusted to the claimant, stipulating a period of 36 months for its completion i. e. , on or before 26-11-1996. In the course

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