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2026 DAILYLAW 43145 (CAL)

RATHI BROTHERS v. CYGNET INDUSTRIES LIMITED

AP-COM/732/2026 · 2026-09-21

Gaurang Kanth

body2026

Judgment text

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OCD-13 ORDER SHEET IN THE HIGH COURT AT CALCUTTA COMMERCIAL DIVISION ORIGINAL SIDE AP-COM/732/2026 RATHI BROTHERS VS CYGNET INDUSTRIES LIMITED BEFORE: The Hon’ble JUSTICE GAURANG KANTH Date : 21st September, 2026. Appearance: Mr. Zeeshan Haque, Adv. Ms. Surabhi Banerjee, Adv. Ms. Anushka Ghosh, Adv. Mr. Rohit Hazra, Adv. ..for the petitioner Mr. Debargha Basu, Adv. ..for the respondent The Court: Affidavit of service is taken on record. The petitioner has preferred the present petition under Section 29A of the Arbitration and Conciliation Act, 1996, seeking extension of the mandate of the Arbitral Tribunal for completion of the arbitral proceedings and publication of the arbitral award. Learned Counsel for the petitioner submits that this Court vide order dated 6th May, 2024 had appointed the Learned Sole Arbitrator to adjudicate the disputes between the parties. The pleadings were completed and thereafter with the consent of the parties the mandate of the Arbitral Tribunal was extended for a period of six months till 2nd September, 2026. 2 Learned Counsel for the petitioner states that the matter is at the stage of final arguments. Learned Counsel for the respondent states that he has no objection to the extension of the mandate of the Arbitral Tribunal. Upon consideration of the submissions of learned Counsel for the parties and the materials placed on record, this Court is satisfied that there has been no undue or unwarranted delay on the part of the learned sole Arbitrator in conducting the proceedings. Keeping in mind the advanced stage of the arbitral proceedings and in the interest of justice, the mandate of the learned Arbitral Tribunal is extended for a further period of three months from 2nd September, 2026. The learned sole Arbitrator is requested to make all reasonable endeavours to conclude the proceedings and publish the arbitral award within the extended time period. With the aforesaid directions, the present petition stands disposed of. (GAURANG KANTH, J.) bp.