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1] By consent of parties, both these petitions were heard together and are being disposed of by a common judgement.

2] In both the petitions, the parties have impugned the same award. Some of the relevant facts for the purpose of deciding these two petitions are as under:-

The respondent in Arbitration Petition No.854 of 2012 was the claimant before the learned Arbitrator. The petitioner in Arbitration Petition No.854 of 2012 was respondent before the learned arbitrator. For sake of brevity, the respondents before the arbitral tribunal i.e. Ms.Kaberi Mondal is hereinafter referred to as "Claimant" and BMA Commodities is referred to as the respondents.