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I must admit that my knowledge on this specific event is limited. The year 1554 CE and the mention of Arghun and Tarkhan do not align with well-documented historical events or figures in world history that I am familiar with. It is possible that this refers to a regional or lesser-known historical event, or there may be a misunderstanding or typo in the names or dates provided.
If you could provide additional context or clarify the region or dynasty involved, I would be happy to assist further or point you to relevant resources. Alternatively, if this is a fictional or speculative scenario, I can help craft a narrative based on historical themes. Let me know how you'd like to proceed!