Authority: High Court at Calcutta, Commercial Division

Order Date: 15 October 2026

Case Overview

  • Petitioner: The New India Assurance Company Limited; Respondents: Birbhum Handloom Private Limited and another.
  • The petition was filed under Section 36(2) of the Arbitration and Conciliation Act, 1996, seeking a stay of the arbitral award dated 31 March 2026.
  • Respondents indicated readiness to secure the awarded amount of Rs 7,12,82,484.32 by cash deposit.
  • The Court directed that the amount be deposited in cash within two weeks after the puja vacation before the Registrar, Original Side, and kept in an interest‑bearing fixed deposit with any nationalised bank having an auto‑renewal facility.

Final Outcome

  • Subject to the deposit, the award dated 31 March 2026 will be stayed.
  • The application is disposed of.

Topics: Arbitration Award Stay, Court Order