166 It is not disputed that in India it had been firmly established till the year 1976 that it was not obligatory on the part of the arbitrator or the umpire to give reasons in support of the award when neither in the arbitration agree ment nor in the deed of submission it was required that reasons had to be given for the award (vide Firm Madanlal Roshanlal Mahajan vs Hukumchand Mills Ltd., Indore, ; ; Bungo Steel Furniture Pvt. Ltd. vs Union of India, (supra) and N. Chellappan vs Secretary, Kerala State Electricity Board & Another, ; It is, however, urged by Shri Fali section Nariman, who argued in sup port of the contention that in the absence of the reasons for the award, the award is either liable to be remitted or set aside, that subsequent to 1976 there has been a qualita tive change in the law of arbitration and that it has now become necessary to insist upon the arbitrator or the umpire to give reasons in support of the award passed by them unless the parties to the dispute have agreed that no rea sons need be given by the arbitrator or the umpire for his decision.