1. This appeal challenges the order of the learned Single Judge dated 31st March, 2008 by which the award dated 25th August, 2001 passed by the respondent no.3 in favour of the predecessor in interest of the appellant herein, and against respondents no.1 and 2 was set aside. The appellant is the mother of Sh. Ashwini K. Goenka, the original respondent. The objection petition under Section 34 of the Arbitration and Conciliation Act, 1996 had been preferred by respondent no.1 herein, arraying Sh. Aswini Goenka as respondent no.1 , Smt. Kusum Lata Damani W/o Kanti Bhai Damani as respondent no.2 and the Arbitrator Sh. D.P. Jain, who is the father of Smt. Kusum Lata Damani as respondent no.3.

2. The case of respondent no.1 herein, as pleaded in the objection petition has been adequately summarized by the learned Single Judge as follows: -2. According to the averments, the petitioner and second respondent are husband and wife, their marriage was solemnized in 1980. It is alleged that in 1982 the petitioner and his wife came into contact with the first respondent (since deceased), as the later was dealing in non-ferrous metals. The parties joined hands in a business relati