Foreign Arbitral Award Rejected: Concealed Documents, FEMA Violations, and Fraudulent Share Valuation by Petitioners.

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....Enforcement and execution of the final Award passed by Foreign Arbitral Tribunal - The petitioners have concealed various documents and failed to produce the same - the foreign award is suffered with the infirmities - Therefore, the enforcement of the award is liable to be rejected for the reason that violation of the FEMA Regulations coupled with commissions of fraud on part of the petitioner in valuing the SGAH shares, which are not curable in nature, apart from the other instances that are narrated. - HC....