SREI INFRASTRUCTURE FINANCE LIMITED vs TUFF DRILLING PRIVATE LIMITED

The Supreme Court addressed the appeal against the Calcutta High Court's judgment which set aside the arbitral tribunal's order terminating proceedings under Section 25(a) of the Arbitration and Conciliation Act, 1996 due to non-filing of the claim. The Court held that the arbitral tribunal did not become functus officio and could recall its termination order, emphasizing the importance of allowing parties to present their claims. The outcome reinstated the tribunal's authority to reconsider its earlier decision, thereby allowing the claimant to proceed with the arbitration.