IN THE HIGH COURT AT CALCUTTA

ORDINARY ORIGINAL CIVIL JURISDICTION

ORIGINAL SIDE

PRESENT : THE HON'BLE JUSTICE SHAMPA SARKAR

A.P. No. 430 of 2019

Y D TRANSPORT COMPANY AND ANOTHER … PETITIONERS

VS.

SREI EQUIPMENT FINANCE LIMITED … RESPONDENT

For the Petitioners : Mr. Jishnu Chowdhury, Sr. Adv

Mr. Ritoban Sarkar, Adv.

Mr. Soham Sur, Adv.

Mr. Syamantak Banerjee, Adv.

For the Respondents : Mr. Swatarup Banerjee, Adv.

Mr. Sariful Haque, Adv.

Ms. Archana Chowdhury, Adv.

Ms. Priyanka Ghosh, Adv.

Hearing reserved on : 27.11.2025 Judgment delivered on : 02.12.2025

SHAMPA SARKAR, J.

1. This is an application under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the said Act), challenging an award dated December 28, 2017 passed by the learned

Arbitrator.

2. The dispute emanated from a loan agreement executed between the parties. The loan was obtained for purchase of heavy vehicles for mining related works and excavation. The petitioners contended to have

made certain payments from time to time between2012-2014. According to the petitioners, an amount of Rs. 7.27 crores remained due and payable. Disputes arose over non-payments, inflated calculations and alleged breach of the