https://www.taxtmi.com/highlights?id=83227 This is a summary of a court ruling on the recognition and enforcement of foreign arbitral awards under the Arbitration and Conciliation Act, 1996. The key points are: The court upheld the maintainability of a common petition seeking both recognition and execution of foreign awards, following the Supreme Court's decision in Vedanta Limited. However, the petition was dismissed as barred by limitation under Article 137 of the Limitation Act, 1963. The court emphasized the pro-enforcement bias u/s 48 and held that non-parties cannot object to enforcement unless falling under specific grounds. It found violation of public policy and principles of natural justice, as the arbitral tribunal derived findings contrary to uncontroverted witness testi..... en-us Tue, 19 Nov 2024 08:40:49 +0530 Tue, 19 Nov 2024 08:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83227 This is a summary of a court ruling on the recognition and enforcement of foreign arbitral awards under the Arbitration and Conciliation Act, 1996. The key points are: The court upheld the maintainability of a common petition seeking both recognition and execution of foreign awards, following the Supreme Court's decision in Vedanta Limited. However, the petition was dismissed as barred by limitation under Article 137 of the Limitation Act, 1963. The court emphasized the pro-enforcement bias u/s 48 and held that non-parties cannot object to enforcement unless falling under specific grounds. It found violation of public policy and principles of natural justice, as the arbitral tribunal derived findings contrary to uncontroverted witness testi..... Highlights FEMA Tue, 19 Nov 2024 08:40:49 +0530 https://www.taxtmi.com/highlights?id=83227