Tata Capital Limited vs Sheo Narayan Singh And Anr on 23 June, 2025

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Calcutta High Court

Tata Capital Limited vs Sheo Narayan Singh And Anr on 23 June, 2025

Author: Shampa Sarkar

Bench: Shampa Sarkar

OCD 16

                             ORDER SHEET
                           AP-COM/189/2025
                    IN THE HIGH COURT AT CALCUTTA
                  ORDINARY ORIGINAL CIVIL JURISDICTION
                         COMMERCIAL DIVISION


                           TATA CAPITAL LIMITED
                                    VS
                       SHEO NARAYAN SINGH AND ANR.



  BEFORE:
  The Hon'ble JUSTICE SHAMPA SARKAR
  Date: 23rd June, 2025.

                                                                        Appearance:
                                                            Mr. Avishek Guha, Adv.
                                                         Mr. Adipta Kr. Pandit, Adv.
                                                                 ...for the petitioner

                                                           Mr. Animesh Paul, Adv.
                                                      Ms. Manisha Upadhyay, Adv.
                                                             ...for the respondents


      The Court: The application is not maintainable as the arbitral proceedings

were terminated by the learned Arbitrator on the prayer of the claimant to

withdraw the proceedings.

      Under such circumstances, a second application on the selfsame cause of

action cannot be resorted to, without any liberty. In this case, the order of the

learned Arbitrator indicates that the petitioner did not want to pursue the claim

and hence, withdrew the proceedings.     The instruction of the petitioner to its

learned Advocate, is quoted below:-
                                                 2


        "Dear Aditi,
        As discussed, please withdraw all the pending arbitration proceedings
        which are continuing more than 1 year because as per statute we can't
        continue with such arbitrations for more than a year until and unless it
        is contested.
        Regards
        Sounak Mukherjee
        Regional Legal Manager (CV-CEQ)-East
        Tata Capital Limited"

      Accordingly, the termination is one under Section 32 of the Arbitration and

Conciliation Act, 1996.        However, the remedy of the petitioner under the

SARFAESI Act or any other appropriate law is kept open to be explored in

accordance with the provisions of the relevant statute.

      The order of the learned Arbitrator dated June 10, 2024 is quoted below:-

         " In the matter of:
                                   Arbitration
                                     Between
                   RE: TATA CAPITAL FINANCIAL SERVICES LIMITED
                                                                    .... CLAIMANT
                                        AND
                    SHEO NARAYAN SINGH & ANR.
                                                                .... RESPONDENTS
                        Contact No. 7000543018 dated 15.10.2018
         -----------------------------------------------------------------------------------

MINUTES of the meeting of the Arbitration held on 10.06.2024 at
“Nicco House”, 2 Hare Street 6th Floor, Room No. 20, Kolkata – 700001.
Present:-

Ms. Aditi Nandi, the Learned Advocate appearing on behalf of the claimant
and placed the letter dated 17.05.2024 praying for Withdrawal of the present
reference against the respondents. The said letter dated 17.05.2024 is taken
on record.

Heard considered and hence the reference against the respondents stands
Withdrawn and the instant Arbitration proceeding is terminated accordingly.
The said matter is hereby disposed of.”

The contention of Mr. Guha that the period of time during which the

proceedings were pending before this Court may be excluded while computing
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the limitation in case recourse is taken under any other statute, cannot be

decided by this Court.

The petitioner is at liberty to raise all such issues at the appropriate stage.

The application is, accordingly, dismissed.

(SHAMPA SARKAR, J.)

B.Pal



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