This petition has been filed challenging the award dated 16.05.2007 passed by the respondents 3 to 5/ Arbitrators, under Sec.34 of the Arbitration and Conciliation Act 1996.

2. The facts which are necessary for disposing of the above Original petition are as under:

The first respondent company was engaged in the business of Engineering Consultancy of the Predictive Maintenance Services, including Vibration Analysis, Machine Dynamics and Dynamic Balancing. The respondents 1 and 2 conducted Seminars and are involved in the development of Computer based Training. The petitioner, before this court, is a Multi National company having its Principal office in Swedan. They are mainly manufacturing Bearings. During the end of December 2002, the petitioner company deputed its officers to the respondents 1 and 2 expressing their interest in the services offered by the first respondent. Discussions were carried out and ultimately, the petitioner showed interest in acquiring the assistance of the first respondent to strengthen their newly launched Reliability System and to eliminate competition in the field. With the above objective in mind, the petitioner carried various diligent che