“…Now, in search of the dark energy fluid, the cosmological constant Lambda, Λ, is considered to be the simplest and elegenat dark energy candidate due to its extreme support with the available astronomical data. However, inspite of its great success, the cosmological constant problem has been seriously investigated in the last several years which thus instigated cosmologists to look for alternative ways in the names of dynamical dark energy models [2], modified gravity theories [3,4,5,6,7,8,9]. In a similar fashion, time dependent Λ theory, where the equation of state for Lambda is pegged at '−1', has also been attracted in the current cosmological research.…”