M/S Ugro Capital Limited vs Vallabh Metal Industries And Anr on 11 March, 2026

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    Gaurang Kanth, J. :-

    SPONSORED

    1. The present Petition has been filed 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 for

    publication of the arbitral award.

    2. The brief facts giving rise to the present Petition are set out hereunder:

    3. Disputes having arisen between the parties, the Petitioner, by letter dated

    22.03.2022, invoked Clause 13.2 of the arbitration agreement contained in

    the Facility Agreement dated 02.05.2019 executed between the parties.

    Upon failure of the Respondent to appoint an arbitrator in terms of the

    said clause, the Petitioner approached this Court by filing an application

    2026:CHC-OS:80
    under Section 11 of the Arbitration and Conciliation Act, 1996, being

    Arbitration Petition No. 358 of 2022. By order dated 22.12.2022, this

    Court appointed Mr. Swarnendu Ghosh as the learned Sole Arbitrator to

    adjudicate the disputes between the parties.



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