A family settlement was executed between 4 members of a property in 1979. That family settlement has an arbitration clause in it which mandates that in case of disputes between the parties for partition than the matter will be decided and finalize by udayram, Uncle of all four brothers. Now no dispute arose till date, all 4 members (parties of family settlement) died and sole arbitrator Udayram is also dead. Now question is arbitration clause of that family settlement will be binding on LR of 4 brothers or not.
Note - family settlement is not admitted by maximum LR.