K. Raviraja Pandian, J.

In this appeal, the Central Warehousing Corporation, the appellant herein has put in issue the order of a learned single Judge of this Court dated 110. 2003 made in O.P. No.615 of 2002 setting aside the arbitration award dated 110. 2001 passed by the second respondent herein and directed the appellant to appoint an arbitrator, who is available at Chennai within four weeks from the date of receipt of a copy of the order to conduct the arbitration proceedings in Chennai in accordance with law and to pass a speaking order within four months from the date of entering into the reference. In the award, which was impugned in the O.P., the arbitrator has awarded a sum of Rs.4,62,912/- towards counter claims in favour of the appellant herein with the direction to adjust the security deposit furnished in a sum of Rs.1,00,000/-by the first respondent. The balance of Rs.3,62,912/- was directed to be paid by the first respondent, in addition to the arbitration expenses. In the arbitration award, the arbitrator has considered the first claim alone and rejected the same as not sustainable with reference to the terms contained in the contract, but did not even con