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DELHI HIGH COURT
VIBHU BAKHRU
Rajendra Iron Mart – Appellant
Versus
Brajendra Khandelwal – Respondent


Table of Content
1. introduction to arbitration dispute. (Para 1 , 2 , 3)
2. factual context of partnership and disputes. (Para 4 , 5 , 6 , 7 , 8 , 10)
3. retirement claim and procedural challenges. (Para 11 , 12 , 13 , 14 , 15 , 16)
4. court proceedings and arbitration setup. (Para 17 , 18 , 19 , 20 , 21 , 22)
5. petitioners' arguments against the award. (Para 29 , 30 , 31 , 32)
6. court's analysis of evidence. (Para 33 , 34 , 35 , 36 , 37)
7. legal conclusions on retirement dispute. (Para 42 , 43 , 44 , 45)
8. final judgment and conclusion. (Para 56 , 57)

JUDGMENT

Vibhu Bakhru, J.

Introduction

1. The petitioners have filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter the `A&C Act') impugning an arbitral award dated 31.01.2019 (hereinafter the `impugned award') delivered by an Arbitral Tribunal constituted of a Sole Arbitrator (hereinafter the `Arbitral Tribunal').

2. The impugned award was rendered in the context of disputes that had arisen, essentially, between the petitioners and respondent no.1 (Sh. Brajendra Khandelwal - hereinafter referred to as `BK'). According to the petitioners, BK and respondent no.3 (Smt Ravi Bala Mathur,

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