1. Execution as a decree is sought of an Arbitral Award dated 21st December, 2006 of Mr. Ram Bhaj Mittal, sole Arbitrator, Paper Merchants Association (Regd.), Delhi, of recovery of Rs.3,44,28,861/- with interest @ 12% per annum from the date of the Award till the date of realisation, in favour of Khanna Traders and against “Scholar Publishing House Pvt. Ltd. and others”.

2. In the execution petition, besides Scholar Publishing House Pvt. Ltd., Mr. Ramesh Ranade, Mr. Rajesh Ranade, Mr. Satish Ranade and Mr. Inderjit Sharma have been impleaded as judgment debtors (JDs).

3. Notice of the execution petition was issued.

4. EA No.39/2014 has been filed by the decree holder (DH) Khanna Traders under Order XXI Rule 41 of the Code of Civil Procedure, 1908 (CPC) seeking a direction to the JDs to file affidavits of their income tax, assets, debts, bank lockers etc.

5. EA No.40/2014 has been filed by the DH for arrest of the JDs No.2 to 5.

6. These applications came up before the Court on 17th January, 2014 when inter alia the following order was passed:

“......

A perusal of the award shows that the same does not address t