JUDGMENT :

Saurabh Shyam Shamshery, J.

1. Uttar Pradesh State Textile Corporation Ltd., (petitioner No. 1), which is a Government Company under the provisions of Companies Act, 1956, hereinafter referred to as the "Petitioner Corporation" which is presently under liquidation and petitioner No. 2, Uttar Pradesh Vastra Katai Nigam Mill is the mill of the petitioner No. 1. situated at Jhansi through their Managing Director have filed the present petition under Article 226 of the Constitution of India seeking following reliefs:

"(i) Issue a writ, order or direction in the nature of Certiorari quashing the impugned Award dated 28.8.2014 published on 14.10.2015, passed by the Respondent No. 1, in Case No. 02/2013.

(ii) Issue a writ, order or direction in the nature of mandamus, directing the respondents not to press recovery against the petitioners in pursuance of impugned Award dated 28.08.2014 published on 14.10.2015, passed by the Respondent No. 1, in Case No. 02/2013.

(iii) Issue any other writ, order or direction which this Hon'ble Court may deem fit and proper in the circumstances of the case.

(iv) To award costs in favour of the petitioners."

2. Necessary facts for adjudication of the p