S. MURALIDHAR, J.

1. The Defendants, Mohan Lal Kukreja and Madan Lal Kukreja have filed their objections under Sections 30 and 33 of the Arbitration Act, 1940 (the 1940 Act), being IA Nos. 9728 of 2015 and 3967 of 2015 respectively, to an Award dated 26th May 2014 (the Award) of the learned sole Arbitrator deciding, inter alia, the rights and obligations of the Plaintiffs and Defendants herein in relation to the partnership firm, D.R. Kukreja & Co. This judgment proposes to dispose of the said objections.

Background facts

2. Plaintiffs No. 1, 2 and 3, i.e. Mr. Sunder Kukreja, Mr. Ram Chander Kukreja (since deceased) and Mr. Raj Kumar Kukreja and Defendants No. 1 and 2 i.e. Mr. Madan Lal Kukreja and Mr. Mohan Lal Kukreja, are all sons of late Mr. D.R. Kukreja.

3. The firm M/s. D.R. Kukreja & Co. was first constituted on 24th June 1969 with the following partners:-

(i) Jetha Nand Kukreja

(ii) Sham Lal Kukreja

(iii) Lekh Raj Kukreja

(iv) Ram Chand Kukreja

(v) Mohan Lal Kukreja

(vi) Madan Lal Kukreja

(vii) Dropti Devi Kukreja

(viii) Sumitra Devi Kukreja

4. On 1st July 1979 Jetha Nand retired from the partnership. Subsequently, on 30th June 1983, Lekh Raj, Dropti Devi and Sumi