1. This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, seeking to set aside an arbitration award passed by the second respondent - Arbitrator.

2. The petitioner opened a trading account with the first respondent and started operations from December 2003. It appears that by the end of 2003-2004, the petitioner was holding huge stocks traded through the first respondent. The account number of the petitioner was SC-1.

3. It was the claim of the petitioner that he was introduced to the first respondent by a sub-broker by name T.K.Srinivasan, to whom, commission used to be paid. But, after the relationship between T.K.Srinivasan and the first respondent got severed, the petitioner started making a claim for bringing down the brokerage structure. At one time, the petitioner claimed that there was an excess brokerage of Rs.7,80,000/-and the petitioner protested on 8.2.2005. Thereafter, the petitioner filed a criminal complaint on the file of the VI Metropolitan Magistrate, Egmore. It appears that the matter was referred under Section 156(3) of the Code of Criminal Procedure.

4. The petitioner stopped trading from 8.2.2005. Thereafter, the petit