Authority: Calcutta High Court, Commercial Division
Order Date: 12 June 2026
Case Overview
- Petition filed by Srei Equipment Finance Limited against T.K. Engineering Consortium Private Limited and others under Section 29A(4) of the Arbitration and Conciliation Act, 1996, seeking extension of the arbitral tribunal’s mandate.
- The Court had earlier, on 5 April 2023, appointed a learned sole arbitrator to adjudicate the dispute.
- An amended statement of claim was filed on 17 February 2024; respondents did not appear, and pleadings were deemed completed on that date.
- The statutory one‑year period for completing arbitral proceedings expired on 17 February 2025, and the arbitrator’s mandate expired on 17 February 2026.
- The petition was filed after the mandate expiry, with the arbitration now at the final‑argument stage.
Final Outcome
- The Court found no undue delay by the arbitrator and extended the arbitrator’s mandate for six months from 12 June 2026.
- The arbitrator is directed to use reasonable endeavours to conclude the arbitration and publish the award within the extended period.
- The petition is disposed of.
Topics: Arbitration Extension, Court Order