JUDGEMENT
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(1.)Rule. Respective learned advocates waive service of notice of Rule for and on behalf of the respective
respondents.
(2.)Heard Mr. Mehul Shah, learned Senior Counsel assisted by Mr. Manan Shah, learned advocate for the
petitioners, Mr. Shakeel A. Qureshi, learned advocate
for respondent Nos.1 to 3 while Mr. Paras K. Sukhwani,
learned advocate for respondent No.4.
(3.)In this petition, under Article 226 of the Constitution of India, the petitioners have sought a writ, order or
direction declaring that the entire arbitration
proceedings initiated and concluded by respondent
No.4 and the consequent award dtd. 30/5/2016 are
illegal, without jurisdiction and competence, null and
void abinitio, without having any force of law and
contrary to the settled principle of law. A further prayer
is made to set aside the entire proceedings.
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