1. Petition filed under section 34 of the Arbitration and Conciliation Act, 1996 to set aside the award dated 9.1.97 passed by the Arbitrator.

2. The case in brief is as follows:

The petitioner Corporation had floated a tender on 15.4.94 the purchase of massor dhall, good quality delivery at the Civil Supplies Godown in Madras City. The respondent participated and quoted the lowest rate of l3,490 per M.T. and offered to supply 10,000 M.Ts. The necessary security deposit amount was also remitted by the respondent on 19.5.9 and agreement was executed on 20.5.94. The Corporation has issued orders for supply of 10,000 M.Ts. of masoor dhall. 50% has to be supplied on or before 14.6.94 and the remaining 50% has to be supplied before 14.7.94. However, the respondent supplied 348.187 tonnes before 14.6.94 and 58.576 tonne were supplied before 14.7.94 The total quantity of supply made by him was 406.763 tonnes only. However, respondent was applying for extension of the period of supply quoting various reasons. The extension has been granted from time to time till 25.7.94,........10.8.94, 30.8.94 and 30.9.94. Inspite of this, the respondent has not supplied the entire quantity. T