https://www.taxtmi.com/caselaws?id=780459 Foreign award enforcement was upheld where damages for breach of exit obligations were found not to constitute an impermissible buyback of shares: surrender of shares was treated as distinct from repurchase by the company, and the objection under the Companies Act and public policy failed, including by transnational issue estoppel. The Court also rejected challenges based on election, waiver, affirmative vote, the Specific Relief Act, limitation of liability, and fraud, holding that they sought an impermissible merits review and did not meet the narrow grounds for refusal under Section 48 of the Arbitration and Conciliation Act, 1996. The award and clarification order were enforced in India as a decree, with costs. en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780459 Foreign award enforcement was upheld where damages for breach of exit obligations were found not to constitute an impermissible buyback of shares: surrender of shares was treated as distinct from repurchase by the company, and the objection under the Companies Act and public policy failed, including by transnational issue estoppel. The Court also rejected challenges based on election, waiver, affirmative vote, the Specific Relief Act, limitation of liability, and fraud, holding that they sought an impermissible merits review and did not meet the narrow grounds for refusal under Section 48 of the Arbitration and Conciliation Act, 1996. The award and clarification order were enforced in India as a decree, with costs. Case-Laws Indian Laws Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780459