https://www.taxtmi.com/caselaws?id=161398 Part I of the Arbitration and Conciliation Act, 1996 can apply to an international commercial arbitration held outside India unless the parties exclude it expressly or by implication, so a foreign award may still be challenged in India. The text also notes that where a shareholders' agreement requires compliance with Indian company law and other applicable Indian statutes, foreign enforcement aimed at transferring shares in an Indian company may conflict with that contractual and statutory framework. A close Indian nexus, including corporate and foreign exchange implications, supports Indian supervisory proceedings and prevents foreign enforcement from defeating them. en-us Thu, 10 Jan 2008 00:00:00 +0530 Thu, 05 Jun 2014 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161398 Part I of the Arbitration and Conciliation Act, 1996 can apply to an international commercial arbitration held outside India unless the parties exclude it expressly or by implication, so a foreign award may still be challenged in India. The text also notes that where a shareholders' agreement requires compliance with Indian company law and other applicable Indian statutes, foreign enforcement aimed at transferring shares in an Indian company may conflict with that contractual and statutory framework. A close Indian nexus, including corporate and foreign exchange implications, supports Indian supervisory proceedings and prevents foreign enforcement from defeating them. Case-Laws Companies Law Thu, 10 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161398