ORDER

This Arbitration Original Petition has been filed against the Impugned Award dated 09.08.2022 passed by the Arbitral Tribunal.

2. By the Impugned Award, the Arbitral Tribunal has partly allowed the claim of the respondent to the extent of Rs.29,58,298/- [Rs.20,15,298/- + Rs.9,43,000/-] as against the total claim for a sum of Rs.55,05,755/- as detailed below:-

i. Petitioners are liable to pay Rs.20,25,298/- towards refund of security deposit with interest from 25.08.2018 till the date of payment;

ii. The claim of Rs.12,21,457/- towards electricity consumption is rejected;

iii.The petitioners are liable to pay Rs.9,43,000/- towards electricity security deposits with interest from 25.08.2018 till the date of payment;

iv. The claim of the respondent for Rs.14,16,000/- towards purchase of assets is rejected;

v. The counter claim of petitioner of Rs.1,00,00,000/- towards loss of rent, additional parking space, repair etc is rejected.

Partly allowed the claim of Rs.20,25,298/- being the amount due to be paid by the petitioner after adjusting an amount of Rs.42,00,000/-. Plus the Rs.9,43,000/- towards the electricity board security deposit.

3. The Tribunal framed the following issues:-

i. Whet