Civil Revision No.3606 of 2011 #1# IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH. Civil Revision No.3606 of 2011 Date of Decision:-06.09.2011 M/s Shiv Rice Industries & Ors. ......Petitioners. Versus Food Corporation of India & Ors. ......Respondents. CORAM:- HON'BLE MR. JUSTICE JASWANT SINGH. Present:- Mr. S.D. Bansal, Advocate for the Petitioners. Mr. K.K. Gupta, Advocate for the respondent no.1. *** JASWANT SINGH, J.(ORAL) Petitioners M/s Shiv Rice Industries through its sole proprietor Rajinder Kumar has filed the present revision petition under Article 227 of the Constitution assailing the order dated 03.02.2011(P-5) whereby the learned Executing Court has dismissed the objections filed by the petitioner- proprietorship firm. It is apparent that the arbitrator had passed an award dated 01.06.1999 directing the petitioner to pay a sum of Rs.2,74,301/- with interest at the rate of 18% & with costs in view of the dispute with respect to non supply of the rice of the required quality and non lifting of paddy in terms of the agreement between the petitioner firm and FCI. It is not in dispute that the objections filed by the petitioner firm under Section 34 of Civil Revision No.3606 of 2011 #2# the Arbitration & Conciliation Act 1996(for short the Act) were dismissed and the award became final. The objections on similar lines were also dismissed vide impugned order herein. Before this Court the prayer made was for permitting the petitioner firm to pay the outstanding decretal amount by way of installments in view of the inability to pay in lump-sum. To show their bonafide the petitioner firm undertook to furnish a bank draft of Rs.2 lac towards the decretal amount. Learned Counsel for the FCI has no objection if the payment of the decretal amount is made as per award by way of installments. He has accepted the draft bearing number 536627 dated 12.07.2011 for a sum of Rs.2,00,000/- of SBI Hisar Branch towards part payment. Learned Counsel for the parties are at ad idem (in agreement) that the present petition can be disposed of with a direction to the learned Executing Court to frame a reasonable time schedule by which the entire outstanding decretal amount along with interest be paid by way of installments in terms of the award. Ordered accordingly. Parties are directed to appear before the learned Executing Court on 26.09.2011. ( JASWANT SINGH ) JUDGE September 06, 2011 Vinay