INDERMEET KAUR

1. This appeal is directed against the impugned judgment dated 12.10.2000 which had confirmed the finding of the Trial Judge dated 22.10.1990 whereby the award was made a Rule of Court.

2. The factual matrix of the case is as follows:

i. Smt.Shakuntala Devi had approached the plaintiff company for becoming a member of their chit fund. She was made a member subject to the condition of her producing two sureties i.e. defendant no.2 and defendant no.3. The advance amount required for membership was deposited by respondent no.1; instalments were to be paid by her. There was default; matter was referred to arbitration. The Sole Arbitrator pronounced the Award.

ii. Plaintiff M/s Madadgar Chit Fund Pvt. Ltd. filed an application under Section 14/17 of the Indian Arbitration Act 1940 for making the Award dated 16.2.1988 pronounced by Mr.I.S Bakshi, the Sole Arbitrator as a Rule of the Court. Objections to the said award were filed by the respondents. They were rejected. The Award was made a Rule of Court on 22.10.1990.

3. On 12.10.2000 the first Appellate Court confirmed this finding.

4. This is a second appeal. After its admission, on 2.11.2004 the follow