ORDER

This Arbitration Original Petition has been filed by the petitioner, who was the respondent before the Arbitral Tribunal, under Section 34 of the Arbitration and Conciliation Act, 1996 . In this Original Petition, the petitioner has challenged the Impugned Award dated 03.09.2019 passed by the Arbitral Tribunal.

2. Before the Arbitral Tribunal, the Respondent was the Claimant while the Petitioner was the Respondent in the Arbitral Proceedings. The Award has been passed by a sole Arbitrator who constituted the Arbitral Tribunal.

3. By the Impugned Award, the Arbitral Tribunal has awarded a Sum of Rs.7,15,72,645/- together with interest thereon @ 18% p.a. from 10.08.2015 to the respondent. The Arbitral Tribunal has also awarded a sum of Rs.27,08,823/- to the respondent towards the Cost of Arbitration. The Arbitral Tribunal has also directed the petitioner to release, the Bank Guarantee furnished by the Respondent-claimant towards Security Deposit of Rs.40,50,000/- under Claim No.4

4. The Respondent-claimant has filed E.P.SR.No.19361 of 2021 before this Court to enforce the impugned Award to recover the aforesaid amount from the petitioner.

5. The Respondent-claimant has also filed A.