This appeal by special leave has been filed against the judgment and order dated 14th May, of the High Court of Judicature at Madhya Pradesh at Jabalpur.
Briefly stated the facts are that the appellant herein entered into an agreement with the respondent and appointed the appellant as a principal dealer for sale of its cement Vikram Premium Brand.
A companyy of the arbitration award dated 6.8.2000 is annexed as Annexure P/10 to this appeal.
Objections under Section 34 of the Arbitration and Conciliation Act, 1996 hereinafter for short the Act were filed by the respondent before the IXth Addl.
Accordingly, the arbitrator re examined each head of account and ultimately held the appellant liable to pay to the respondent a sum of Rs.
On 21.3.1997, the respondent became the companysignment agent of the appellant companypany and in this behalf an agreement dated 1.5.1997 was signed between the parties.
In the award the arbitrator has rejected the plea of the claimant respondent that the signature on Ex.
The arbitrator held that the signatures on Ex.
D 8 dated 21.10.1997 were only in lieu of a receipt.
By his order dated 25.6.2001, the learned Addl.
D 8, joint statement of account, were made by the parties.
D 8 was a joint statement of account.
However, he held that the signature on behalf of the claimant respondent was made under a mistake and hence the same was number binding.
District Judge held that the appellant was entitled to receive a sum of Rs.
Heard learned companynsel for the parties.
Disputes and differences arose between the parties under the said agreement dated 1.5.1997 and the same were referred to an arbitrator.
The said order of the learned Addl.
District Judge, Jabalpur.
62,000/ alongwith interest 18.
The facts in detail have been set out in the impugned judgment and hence we are number repeating the same here.
49.90 lakhs alongwith interest.
The case of the appellant was that the document Ex.
