1. The appeal and the revision petition arises out of arbitration proceedings without intervention of Court based on the Arbitration Act in pursuance to the contract dated 6-4-1961 between the appellant and the respondent for the construction of certain buildings and other engineering works at Mavoor in Calicut for the wood pulp division of the respondent. Clause.67 of the Contract provided that any dispute between the parties arising out of the same bad to be referred to two arbitrators one to be nominated by the appellant and the other by the respondent and the said clause authorised the arbitrators to appoint an umpire to act in case of any difference of opinion among them.

2. In view of the difference of opinion in the working of the contract the parties invoked Clause.67 of the Contract. The appellant nominated Sri. S. Ganapathia Pillai, a retired judge of the High Court of Madras, while the respondent nominated Sri. K. Sankaran, a retired Chief Justice of the Kerala High Court as arbitrators to act and the arbitrators in their turn appointed Dr. P. V Rajamannar, retired Chief Justice of the Madras High Court as the umpire. In view of the difference of opinion betwe