Six brothers, S.V.S. Sivalinga Nadar, S.V. Harikrishnan, S.V. Chandrapandian, S.V. Kasilingam, S.V. Ramachandran and S.V. Natesan, who were carrying on business in partnership together with other partners, under several partnership names and holding shares and managing a public limited company, namely, Madras Vanaspati Limited, Villupuram, agreed to refer their disputes to three Arbitrators, namely, Shri B.B. Naidu, Sri K.R. Ramamani and Sri R. Seetharaman.

2. In the reference dated 8.10.1981, they stated as follows:

We are carrying on business in partnership together with other partners under several partnership names. We are also holding shares and Managing the Public Limited., Company, namely. The Madras Vanaspati Ltd., at Villupuram. Disputes have arisen among us with respect to the several business concerns, immovable and movable properties standing in our names as well as other relatives.

We are hereby referring all our disputes, the details of which would be given by us shortly to you, namely, Sri B.B. Naidu, Sri K.R. Ramamani and Sri Seetharaman.

We agree to abide by your award as to our disputes.”

3. The Arbitrators proceeded with the arbitration enquiry, received st