JUDGMENT

Shekhar B. Saraf, J. - Usha Martin Limited (hereinafter referred to as the 'petitioner/award debtor') has filed this application being AP 486/2017 under Section 34 of Arbitration & Conciliation Act, 1996 before this Court, praying for setting aside of an arbitral award dated February 03, 2017 passed by West Bengal State Micro Small Enterprises Facilitation Council ('WBSMSEFC' or 'Council') on February 3, 2017, in favor of Eastern Gases Limited (hereinafter referred to as the 'respondent/award holder'). The award holder has filed an execution application being EC 330/2017 under Section 36 of Arbitration & Conciliation Act, 1996 before this Court, praying for execution of the said arbitral award. In both the matters, multiple interlocutory applications have been filed by the parties.

2. The following are the facts of the matter are as follows:

a. The award debtor was in requirement of petroleum gases (LPG Butane) from Indian Oil Corporation and had appointed the award holder to obtain delivery of such bottled butane gas which were to be transported from Haldia to Ranchi. Several purchase orders regarding the same were issued between 2010 and 2014 by the award debtor. The terms