Rajiv Shakdher, J.

This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (in short, 'the 1996 Act') to assail the award dated 16.03.2016.

2. Before I proceed further, it may be relevant to give a brief background as to how the dispute pertaining to the parties herein has reached this Court and who are the personae dramatis in the dispute.

2.1. The respondents herein are three siblings, who are members of the Menon family. The dispute, which presently pivots around the development of a property described as : New No.165, Old Door No.110, St. Mary's Road, Chennai - 600 018 (in short "the property"), was owned by one Mrs. Margaret Kalyani Balakrishna Menon ; the mother of the respondents herein.

2.2. Mrs. Margaret Kalyani Balakrishna Menon had eight children, which included the three respondents, who are arrayed as parties herein. During her life time, she had settled a part of the property described above, which, in all ad measured 20 grounds and 600 square feet, amongst the three respondents and their sister Mrs. Geeta Mani. The settlement took place on 31.01.1975 and 05.10.1979 via a registered instrument.

2.3. Mrs. Margaret Kalyani Balakrishna M