( 1 ) BY this judgment and order I propose to dispose of the petition filed by the petitioners under section 36 of the Arbitration and Conciliation Act, 1996 (for short `the Act ) praying for execution of the alleged award dated January 12, 2001 passed by Hon ble Mr. Justice S. Ranganathan, the learned Sole Arbitrator, in I. A. No. 8 of 2000 in the arbitration proceedings pending before him upon reference from this Court by order dated April 12, 1999 in A. A. No. 362 of 1998. Disputes having arisen between Puri Construction Ltd. and CREF Finance Ltd. , the same were referred for adjudication through the process of arbitration of Hon ble Mr. Justice S. Ranganathan by order of this Court dated April 12, 1999. The said reference was made on the basis of an agreement between the aforesaid two parties dated July 30, 1997 which contained an arbitration clause. Pursuant to the aforesaid reference, the learned Arbitrator entered into the reference and when the said arbitration proceedings were continuing, an application was filed by the respondent herein, namely, CREF Finance Ltd. praying for impleading five more parties as parties to the aforesaid arbitration proceedin