Calcutta High Court

### Section 34 Recourse Includes Challenges to "Non-Existent" or Purported Awards Vitiated by Fraud

Srei Equipment Finance Limited v. Roadwings International Private Limited [2026:CHC-OS:88]

Calcutta High CourtJUDGMENT: no citation2 MIN READSOURCE JUDGMENT
THE ORIGINAL LAWLENS SUMMARY
01

Facts

The petitioner filed applications under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside two purported awards dated September 17 and 21, 2020.

Source reference: no citation

The petitioner, currently under new management following a Corporate Insolvency Resolution Process (CIRP), alleged that no such arbitral proceedings ever occurred and the awards were fraudulent fabrications.

Source reference: para. 5, para. 3

The petitioner first learned of the awards in 2024 via photocopies filed by the respondent in NCLT proceedings.

Source reference: para. 4

Despite the Arbitrator claiming she returned all records to the parties while retaining the originals, neither party produced signed copies of the awards, minutes of sittings, or pleadings.

Source reference: para. 7, para. 6, 98-99
02

Issues

1. Whether the applications under Section 34 were barred by limitation under Section 34(3) given the years-long gap since the purported awards.

Source reference: para. 9, 67

2. Whether a court has the jurisdiction under Section 34 to declare that "no award" exists at all.

Source reference: para. 73-74

3. Whether the impugned awards were vitiated by fraud and conflict with the public policy of India.

Source reference: para. 96, 122
03

Law Applied

The court applied Section 31(5) of the Arbitration and Conciliation Act, 1996, which mandates the delivery of a signed copy of the award to each party.

Source reference: para. 8, 68

It relied on *Union of India v. Tecco Trichy Engineers & Contractors*, holding that receipt of a signed copy is a matter of substance that triggers the limitation period under Section 34(3).

Source reference: para. 10, 72

The court also interpreted Sections 34(2)(b) and 34(2-A), distinguishing between grounds a party must "establish" and those a court "finds" based on the record or the face of the award.

Source reference: para. 14-16, 94-95

The principle of *ubi jus ibi remedium* was applied to ensure the Act provides a remedy against non-existent or fraudulent awards.

Source reference: para. 82
04

Reasoning

The court found the applications were not time-barred because the limitation period under Section 34(3) never commenced due to the failure to deliver signed copies of the awards as required by Section 31(5).

Source reference: para. 71-72

On jurisdiction, the court "read up" the term "arbitral award" in Section 34 to include "purported awards" to prevent parties from being forced into lengthy civil suits, which would defeat the Act's objective of speedy resolution.

Source reference: para. 83-84

Regarding the merits, the court drew an adverse inference against the respondent for failing to produce any evidence of the proceedings—such as sittings, transcripts, or costs—despite the Arbitrator's claim that records were returned to the parties.

Source reference: para. 100, 120

Contradictions in the awards regarding the Arbitrator's appointment (joint vs. unilateral) and the respondent’s failure to mention the awards in post-2020 correspondence further suggested the awards were non-existent fabrications.

Source reference: para. 113, 117-118
05

Holding

The court allowed the Section 34 applications, holding that the signatures and delivery of the awards were never proven and the proceedings were a product of fraud.

The court held that the awards were in conflict with the public policy of India as they shocked the judicial conscience and violated basic notions of justice.

Source reference: para. 123

Consequently, the purported awards dated September 17, 2020, and September 21, 2020, were set aside as invalid and unenforceable.

Source reference: para. 126

The applications for stay under Section 36(2) were disposed of as moot since no valid awards existed to be enforced.

Source reference: para. 127-128
Calcutta High Court

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Srei Equipment Finance Limited v. Roadwings International Private Limited [2026:CHC-OS:88]

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