Summary
- The Supreme Court has restored the appeal of Balaji Industrial Engineering Ltd. against Steel Authority of India Ltd., setting aside the Calcutta High Court Division Bench's judgment from February 2, 2026.
- The dispute revolves around whether a Section 34 petition under the Arbitration and Conciliation Act, 1996 was valid despite not being transferred to the Commercial Division.
- The Supreme Court ruled that the Single Judge's decision was valid as he was designated as a Commercial Court, and the respondent participated without objection.
- This ruling mandates a fresh merits hearing in the Commercial Appellate Division, keeping all parties' contentions open for consideration.
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