ORDER :

THE HONOURABLE MR.JUSTICE C.SARAVANAN

Prayer:- Original Petition is filed under Section 34 (2)(3) of the Arbitration and Conciliation Act, 1996 praying to set aside the Award dated 18.05.2023 passed by the learned Sole Arbitrator in respect of the disputes between the petitioner and the 1st respondent under the License Agreement dated 27.07.2016.

The petitioner is aggrieved by the Impugned Award dated 18.05.2023 passed by the learned Arbitrator.

2. By the aforesaid Impugned Award dated 18.05.2023, learned Arbitrator has rejected the Statement of Claim of the petitioner and has allowed the Counter Claim of the respondents. The prayer of the petitioner in its Statement of Claim dated 11.08.2022 reads as under:-

(i) For a direction to the respondent to refund the Advance License fee of Rs.14,98,961/- paid by the petitioner to the respondent.

(ii) For a direction to the respondent to return the Bank Guarantee issued by the petitioner favour of the respondent towards Security Deposit of Rs.1,20,41,977/-.

(iii) For a directing to the respondent not to encash the Bank Guarantee during the pendency of the present Arbitration proceeding.

(iv) For a directing to the respondent to refund the