1. Short question for consideration in this petition arising out of High Court judgment in High Court Appeal No,161 4of 2004 upholding Sole Arbitrator's award is whether the learned Arbitrator was legally justified in allowing credit for excess export of quota exported by the respondent in addition to the sanctioned quota in the year 1992 on the basis of his performance and whether the interpretation of Rules 8 and 9 of the S.R.O. 166(I)/92, dated 7-3-1992 issued under section 3 of Imports and Exports (Control) Act, 1950 can be sustained at law.Leave to appeal is allowed, inter alia to consider the above questions. .
2. C.M.A. No,273-K of 2006.--- Operation of the impugned judgment shall remain suspended till decision of the appea'l. Appeal may be listed at an early date.