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    <title>2003 (3) TMI 538 - HIGH COURT OF BOMBAY</title>
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    <description>A foreign award governed by Part II of the Arbitration and Conciliation Act, 1996 is not open to challenge under section 34, because the special enforcement regime excludes the general challenge provision. The award becomes enforceable under the statutory scheme and may be executed as a decree once the statutory conditions are met. On public policy, an award is not unenforceable merely because it contains reasons that the parties agreed could be dispensed with; section 31(3) permits such a contractual arrangement. In enforcement of foreign awards, public policy remains confined to the narrow grounds of fundamental policy, interests of India, or justice or morality, and no such ground was made out.</description>
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    <pubDate>Wed, 12 Mar 2003 00:00:00 +0530</pubDate>
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      <title>2003 (3) TMI 538 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=108507</link>
      <description>A foreign award governed by Part II of the Arbitration and Conciliation Act, 1996 is not open to challenge under section 34, because the special enforcement regime excludes the general challenge provision. The award becomes enforceable under the statutory scheme and may be executed as a decree once the statutory conditions are met. On public policy, an award is not unenforceable merely because it contains reasons that the parties agreed could be dispensed with; section 31(3) permits such a contractual arrangement. In enforcement of foreign awards, public policy remains confined to the narrow grounds of fundamental policy, interests of India, or justice or morality, and no such ground was made out.</description>
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