JUDGMENT

[VIA VIDEO CONFERENCING]

SANJEEV NARULA, J. (Oral):

1. The present petition under Section 34 of the Arbitration and Conciliation Act, 1996 [hereinafter, “the Act’], impugns the Arbitral Award dated 2nd March, 2020 passed by the Sole Arbitrator.

BRIEF FACTS

2. Shri. Subhash Chand Roy, the deceased father of the Respondents [hereinafter, “Testator”], was the absolute owner of lease-hold rights of property bearing ‘No. D-603, Chittaranjan Park, New Delhi-110017 (ad measuring 160 sq. yards)’ [hereinafter, “suit property”]. He executed a Will dated 15th March, 1988 [hereinafter, the “Will”], bequeathing the suit property in favour of his wife. He passed away on 30th January, 1991 and was survived by his wife viz. Smt. Kalyani Roy (since deceased) and children viz. Respondents No. 1 to 3.

3. On the basis of the afore-noted Will and confirmatory affidavits filed by the Respondents (dated 22nd October, 1994) accepting the Will, the suit property stood mutated in the name of Smt. Kalyani Roy in the records of the Land & Development Office [hereinafter, “L & DO”] vide Mutation Letter No. L&DO/PSII/280 dated 6th April, 1995. Subsequently, a ‘Conveyance Deed’ dated 7th December, 2001, was