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    <description>Appointment of an arbitrator pursuant to SEBI directions remained pending after completion of pleadings in September 2024, with cross-examination still in progress. The amended Arbitration Act requires the award to be pronounced within one year, extendable by six months with party consent and thereafter by court order, so the proceedings could not be treated as complete at this stage. The law firm&#039;s tenure, expiring three months after completion of three annual general body meetings in September 2025, would prevent it from proceeding further. The direction requiring shareholders to e the way forward also needed extension until final hearing, with SEBI to be called on 07.07.2025.</description>
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      <description>Appointment of an arbitrator pursuant to SEBI directions remained pending after completion of pleadings in September 2024, with cross-examination still in progress. The amended Arbitration Act requires the award to be pronounced within one year, extendable by six months with party consent and thereafter by court order, so the proceedings could not be treated as complete at this stage. The law firm&#039;s tenure, expiring three months after completion of three annual general body meetings in September 2025, would prevent it from proceeding further. The direction requiring shareholders to e the way forward also needed extension until final hearing, with SEBI to be called on 07.07.2025.</description>
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