JUDGMENT - Dr. D.Y. CHANDRACHUD, J.:---In these proceedings under section 34 of the Arbitration and Conciliation Act, 1996, an Arbitral Award dated 4th December, 2001 of three arbitrators appointed to adjudicate upon the disputes which had arisen between the parties is sought to be questioned.

2. An agreement was entered into between the petitioners and a consortium of two bidders consisting of the respondent and a company known by the name of P.J. Pipes and Vessels Ltd. ('PJPVL"). Under the terms of the agreement which was entered into between the parties, PJPVL was to supply Risers and Bends and the respondent was to supply line pipes to the petitioner. There is no dispute between the parties of the fact that in pursuance of the contract that was entered into, goods came to be supplied. There is no dispute either as regards the supply of the goods contracted for or in regard to the quality of the goods supplied. On 25th March, 1996, a letter was addressed to the petitioner by the respondent and PJPVL. The letter recorded that in pursuance of the contract, the goods contracted for had been supplied to the petitioner; that the goods were accepted without demur or protest and were ap

Click Here to Read the rest of this document