ORDER

This petition has been filed under Section 34 of the Arbitration and Conciliation Act challenging the impugned Arbitral Award, dated

25.04.2023 passed in favour of the respondent against the petitioners.

2. The Petitioners have challenged the impugned Arbitral Award primarily on the ground that the Arbitrator who has passed the impugned Arbitral Award has been appointed unilaterally without the consent of the petitioners. The said ground has to be rejected by this Court for the following reasons :

The Arbitrator, who has passed the impugned Arbitral Award was appointed by this Court in a petition filed by the respondent under Section 11 of the Arbitration and Conciliation Act , 1996 in Arb. O.P. (Com. Div.) No.114 of 2022 on 21.04.2022. Only after serving notice in the said petition on the petitioners, who were the respondents in the said petition, an Arbitraror was appointed by this Court based on the arbitration clause contained in the Loan Agreement, dated 31.03.2019, which is the subject matter of the dispute between the petitioners and the respondent. Earlier, the respondent had requested the petitioners to give consent for arbitration. Since consent was not given, the respo