Saltee Infrastructure Limited vs M/S. Shivam Industrial Parks And … on 1 April, 2026

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    ADVERTISEMENT

    Gaurang Kanth, J. :-

    SPONSORED

    1. The Appellant has preferred the present Arbitration Petition under Section

    37(2)(b) of the Arbitration and Conciliation Act, 1996, challenging the

    interim award dated 16.05.2025 passed by the learned Sole Arbitrator in

    the arbitral proceedings arising between the parties.

    2. The facts relevant for adjudication of the present petition are briefly noted

    below.

    3. The Respondent is the owner of land measuring 91.5 decimals (55 cottahs)

    situated at Municipal Holding No. 148, Block-A, Gopalpur, Jagardanga

    Main Road, Rajarhat Six Lane Expressway, Kolkata. By a Development

    Agreement dated 07.04.2014, the Appellant was appointed as the

    2026:CHC-OS:107
    developer in respect of the said property, while the Respondent remained

    the landowner. In furtherance thereof, a registered Power of Attorney was

    executed by the Respondent in favour of two representatives of the

    Appellant to facilitate implementation of the development project.



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