S.MURALIDHAR
CYBERNETICS NETWORK – Appellant
Versus
BISQUARE TECHNOLOGIES – Respondent
1. These three petitions have been filed under Section 34 of the Arbitration and Conciliation Act, 1996 against the same Award dated 14th March 2005 passed by the learned sole Arbitrator whereby the claim of Cybernetics Network Pvt. Ltd. (‘CNPL’) was allowed and the Respondent Bisquare Technologies Pvt. Ltd. (‘Bisquare’) was held liable to pay CNPL Rs.98.77,672/-together with interest @ 9% from 30th March 2002 till the date of the Award and interest @ 18% per annum from the date of the Award till the date of payment. CNPL was awarded costs of Rs.5,00,000/-. The counter claims of Bisquare and Mr. Ramendra Singh Baoni (hereinafter Mr. Baoni) were rejected.
2. Aggrieved to the extent that some of its claims have been rejected, CNPL has filed O.M.P. No. 267 of 2005. Against the rejection of the respective counter claims Bisquare has filed O.M.P. No.282 of 2005 and Mr. Baoni has filed O.M.P. No.283 of 2005.
Background Facts
3. CNPL is a company incorporated under the Companies Act, 1956 claiming to have expertise in the marketing of products in the field of multimedia home entertainment. Bisquare, also a company incorporated under the Companies Act, is carrying on the business
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