https://www.taxtmi.com/caselaws?id=310100 An arbitral award is enforceable under Section 36 of the Arbitration and Conciliation Act, 1996 in the same manner as a civil decree, so execution lies before the court competent to execute that decree under the CPC. In a commercial arbitration, the specified value is determined by the aggregate value of the claim and counterclaim under the Commercial Courts Act, 2015. Because the underlying dispute was of specified value and the setting-aside proceedings had already been entertained by the Commercial Court, that court remained competent to execute the award. The jurisdictional objection was therefore rejected. en-us Thu, 06 Sep 2018 00:00:00 +0530 Sat, 07 Oct 2023 08:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310100 An arbitral award is enforceable under Section 36 of the Arbitration and Conciliation Act, 1996 in the same manner as a civil decree, so execution lies before the court competent to execute that decree under the CPC. In a commercial arbitration, the specified value is determined by the aggregate value of the claim and counterclaim under the Commercial Courts Act, 2015. Because the underlying dispute was of specified value and the setting-aside proceedings had already been entertained by the Commercial Court, that court remained competent to execute the award. The jurisdictional objection was therefore rejected. Case-Laws Indian Laws Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310100