Award Set Aside Over Unilateral Appointment Due To 'Patent Illegality' In Ignoring SC Judgment: Calcutta High Court

In a significant ruling dated 13th May, 2025, the Hon’ble Justice Shampa Sarkar of the Calcutta High Court’s Commercial Division on the Original Side allowed an application filed by Virgo Softech Limited and another party. The petition was filed under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitration award passed in favour of SREI Equipment Finance Limited. The core contention was that the arbitrator had been…