ORDER :

M. Sundar, J.

1. Captioned 'Original Petition' ('OP' for the sake of brevity) is an application under Section 34 of 'The Arbitration and Conciliation Act, 1996 (Act No. 26 of 1996)', which shall hereinafter be referred to as 'A and C Act' for the sake of brevity, assailing an 'arbitral award dated 01.08.2017 bearing reference Arbitration Case No. CIFCL/ARB/LX/1173/2017' (hereinafter 'impugned award' for the sake of brevity and convenience) made by an 'Arbitral Tribunal' ('AT' for the sake of brevity) constituted by a sole Arbitrator.

2. Owing to the short statutory perimeter of Section 34 of A and C Act and the limited legal landscape within which a legal drill of testing an arbitral award should perambulate, short facts shorn of elaboration will suffice.

3. Short facts are that a Loan Agreement bearing reference 'Loan No. XOHESLM00001665568 under which a loan of Rs. 45,00,000/- (Rupees Forty Five Lakhs only) was sanctioned on 30.04.2016' (hereinafter 'said contract' for the sake of brevity) is the fulcrum of the lis between the parties; that this loan was disbursed; that the borrower submits that a sum of little over Rs. 36.74 lakhs (Rs. 36,74,744/- to be precise) only was dis