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of <h1>Special Leave Petition dismissed against arbitral award for alleged public policy conflict, jurisdictional delay and inconsistency; Article 136 applied</h1> <h3>AKSH OPTIFIBRE LIMITED Versus NANTONG SIBER COMMUNICATION CO. LTD.</h3> SC dismissed the Special Leave Petition challenging an arbitral award on grounds of alleged conflict with public policy, lack of jurisdiction where the ... Impugned award falls foul of the public policy of India or not - Lack of jurisdiction to decide a claim where the debtor has admitted liability but delayed payment - inherent inconsistency in the impugned award - interest at the rate of 8% per annum offends the public policy of India or not - it was held by High Court that 'there are no merit in the appellant’s contention that the impugned award is in conflict with the public policy of India as the Arbitral Tribunal had awarded interest at an unreasonably high rate.' - HELD THAT:- It is not inclined to entertain the Special Leave Petition under Article 136 of the Constitution. SLP dismissed. The Court declined to grant relief under Article 136 of the Constitution, stating it was 'not inclined to entertain the Special Leave Petition under Article 136 of the Constitution.' No further reasons are recorded in the order. Consequent to that finding, 'The Special Leave Petition is accordingly dismissed.' Any pending application connected with the petition 'stands disposed of.' The order thus effects a summary refusal of special leave jurisdiction without appellate consideration on merits in this record, terminates the petition, and disposes of ancillary applications.
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