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Issues: Whether the Court had territorial jurisdiction to entertain and enforce the foreign award, and whether the award was a money award or an award for specific performance.
Analysis: The distinction between the jurisdictional phrase used for arbitration proceedings and the phrase governing enforcement of a foreign award was applied. For enforcement under the relevant provision, the Court held that the focus is on the relief granted by the award, not the underlying contract dispute. On examining the operative directions of the partial award, the Court found that the award directed payment of quantified sums with a consequential obligation to return title documents, and therefore the award was in substance a money award. Once so characterized, territorial jurisdiction depended on the location of the judgment debtor's assets. The petitioner had averred that the respondent had assets, offices, and bank accounts within Delhi, and those assertions were not effectively denied. The pending insolvency proceedings against the other respondent did not affect the jurisdictional ruling at this stage because the petitioner was not pursuing enforcement against that respondent pending moratorium.
Conclusion: The Court held that it had territorial jurisdiction to entertain the petition and that the enforcement award was to be treated as a money award. The jurisdictional objection was rejected in favour of the petitioner.
Ratio Decidendi: For enforcement of a foreign award, the relevant inquiry is the relief finally granted by the award, and where that relief is monetary, territorial jurisdiction lies where the judgment debtor's attachable assets are located.