JUDGMENT :

(Prayer: Original Petition filed under Section 34 of Arbitration and Conciliation Act, 1996, to set aside the the impugned award dated 25.03.2017 made in ARB/NK/M/06 of 2015.)

(This case has been heard through video conference)

1. The challenge has been made against the award passed by the Arbitrator dated 25.03.2017 directing the respondent to pay a sum of Rs.60,00,000/- (Rupees sixty lakhs only).

2. The dispute said to have been referred to the Sole Arbitrator by the claimant with regard to the loan agreement dated 15.03.2012 said to have been executed between the parties. As the respondent has committed default, the matter has been referred to arbitration and the Arbitrator was appointed and after considering the materials, the learned Arbitrator had passed the award.

3. Though several grounds made in this petition, the main contention of the petitioner is that the award cannot be sustained in the eye of law for want of declaration by the Arbitrator and in fact, earlier, some other Arbitrator was appointed by the claimant, who is none other than friend of one Suresh Kumar D. Kochar, who had made an attempt to take over the property of the respondent. It is his contention t