( 1 ) THIS appeal under Section 39 (1) (vi) of thearbitration Act, 1940 is directed against the judgment and order of thesubordinate Judge 1st Class, Delhi dated 30. 1. 1980 setting aside the awarddated 18. 8. 1977 made by Delhi Hindustani Mercantile Association (Regd ). (hereinafter referrred to as the Association ) awarding a total sum of Rs. 15,999. 80 on account of the balance price of goods, costs of proceedings andinterest upto 21. 2,1977 besides future interest at 1. 25 per cent per month tothe appellants against respondents No. 1 to 4.

( 2 ) BRIEFLY the facts are that the appellant firm a registered partnership concern, carrying on cloth business at Delhi, is a member of Delhihindustani Mercantile Association (Regd.), Chandni Chowk, Delhi. Respondents 1 to 4 purchased cloth on credit and a sum of Rs. 12,404. 55 onaccount of balance of price of the goods besides interest and expenses remained due to the appellants. The goods were being sold on the credit memoissued by the appellants containing the following Note :

"the goods have been sold according to the rules and regulationsof Delhi Hindustani Mercantile Association and all disputes will besettled in accordanc