J.M. SHELAT, J.

(1) PRIOR to 18/01/1944, M/s. Lakshmiratan Cotton Mills Co.Ltd. (hereinafter referred to as the appellant-company), Aluminium irporation of India Ltd. (hereinafter referred to as the corporation) ,J.K.. Limited, Beharilal Kailashpat India Supplies, Northern India Trading Go. and Northern India Brush Manufacturing Co. Ltd., were all jointly managed two groups) who may conveniently be called the Singhania and the Gupta groups. Disputes having arisen between them, they were referred to arbitration by a deed of reference, dated 9/12/1943. It is not necessary to into the details of the award) dated 18/01/1944, by which these disputes were adjudicated upon except that from and after the date of the award the aforesaid concerns were brought under the management and control of one or the other of the said two groups. The corporation came under the control and management of the Singhania group.

CLAUSE 9 of the award provided as follows :

"THE above award or directions in respect of Lakshmiratan Cotton Mills Co. Ltd., Aluminium Corporation of India Ltd., J.K. Ltd., Beharilal Kailashpat India Supplies, Northern India Trading Co. and Northern India Brush Manufac