Fast Track Furniture Receiver Discharged by Calcutta HC

Authority: High Court at Calcutta, Appellate Division

Order Date: 22 September 2026

Case Overview

• Parties: Appellants Fast Track Furniture and Interiors India Pvt. Ltd. & Ors.; Respondent M/s. Electronica Finance Limited.
• Appeal against order dated 25 June 2026 (City Civil Court, Misc. Case No. 6030 of 2026) where a Receiver was appointed under Section 9 of the Arbitration and Conciliation Act, 1996.
• Respondent withdrew the Misc. Case; Receiver subsequently withdrew the proceeding under Section 9, leading to Order No. 6 dated 21 September 2026 allowing withdrawal without liberty to sue afresh.
• Appellants contended that despite withdrawal, the Receiver had not been discharged.

Final Outcome

• The appellate court held that the June 25 2026 order does not survive; consequently, the Receiver appointed under that order is discharged.
• FMAT 387 2026 and the connected applications CAN 1 2026 and CAN 2 2026 are disposed of.

Topics: Receiver Discharge, Arbitration Act, Court Order