JUDGMENT

Vibhu Bakhru, J. (ORAL)

1. The appellants have filed the present application under Section 37 of the Arbitration and Conciliation Act, 1996 (hereafter `A&C Act') impugning a judgment dated 28.04.2022 (hereafter `the impugned judgment') passed by the learned Commercial Court in OMP(COMM) 136/2019 captioned Union of India and Anr. v. M/s Indian Agro Marketing Co-operative Limited.

2. The appellants had filed the said application before the learned Commercial Court under Section 34 of the A&C Act impugning an Arbitral Award dated 07.05.2019 (hereafter `the impugned award') passed by the Arbitral Tribunal comprising of a Sole Arbitrator (hereafter `the Arbitral Tribunal').

3. The appellants had circulated a Tender Enquiry on 19.12.2011 for the procurement of 5450 metric tons of Gram Whole for the defence services. The respondent participated in the tendering process and was awarded the contract for the supply of 850 metric tons of Gram Whole in terms of the Letter of Acceptance dated 09.02.2012. The said goods (Gram Whole) were to be delivered between 01.06.2012 and 30.06.2012 and the price was agreed at Rs.3,583/- per quintal.

4. The respondent furnished a security f