NAVIN CHAWLA, J.

1. This appeal under Section 37 of the Arbitration and Conciliation Act, 1996 (in short ‘the Act’) has been filed by the appellant Shabnam Gulati challenging the order dated 29.07.2016 passed by the learned Single Judge dismissing her objection under Section 34 of the Act in OMP No.1062/2013. The appellant had challenged the Arbitration Award dated 27.04.2013 passed by the sole arbitrator against the appellant and her husband late Sunil Dhakamvik Gulati, inter-alia awarding a sum of Rs.2,88,78,504.23 along with interest @ 18% p.a. w.e.f. 14.08.2012 and cost.

2. The dispute between the parties arose out of a loan agreement bearing XMORGHT00029775 (Application ID-564783), wherein an amount of Rs.2.90 crores was advanced by the respondent to the appellant and her late husband for a period of 120 months, repayable in monthly installments of Rs.4,50,273/- each. As the appellant and her late husband had failed to pay the due installments and certain cheques issued by them had also been returned unpaid for want of funds in the account, the respondent, after due notice, had invoked arbitration.

3. As stated above, the sole arbitrator passed the award dated 27.04.201