35. During the course of the arguments, the second contention of the Ld. Counsel for the petitioner has remained that the applicant had already paid an amount of Rs.47,01,344/- till the month of March, 2017 and this fact was concealed by the respondent No.1, while filing his statement of claim before the Ld. Arbitrator and he obtained the arbitration award dated 17.07.2018, by concealing the aforesaid facts. 36. Perusal of the arbitration award and the arbitration record clearly indicates that the respondent No.1 has concealed the fact of receiving the payment of Rs.47,01,344/from the applicant/petitioner, till March, 2017. However, during the arguments, the Ld. Counsel for the respondent No.1 has relied upon the letter of the petitioner dated 01 .03.2017, Ex.CW1/9, and has argued that vide said letter dated 17.04.2017, the applicant/ petitioner has admitted his liability and has confirmed that as on 01.03.2017, an amount of Rs.20,31,335/- was due and outstanding against his loan account.