Delhi High Court: Phonographic Performance Limited Not Entitled to Grant Licenses without Registratio  ||  SC: Limitation Begins From the Date When the Cause of Action First Accrued  ||  SC: Language is a Medium for Exchange of Ideas Not Become a Cause of Division  ||  SC: Once Plaint in Respect of Main Relief Stands Barred, Other Reliefs Claimed Also Fall Down  ||  SC: Wildlife Warden of Telangana to Take Immediate Steps to Protect Wildlife  ||  SC: Violence During Protests Against Waqf Amendment Act is Disturbing  ||  UK SC: Trans Women Not Included in Definition of ‘Woman’ under Equality Act, 2010  ||  SC: Cannot Use Article 32 to Challenge Supreme Court’s Own Judgments  ||  SC: If Suits Mention Cash Transactions Above ?2 Lakh, Court Must Report it to IT Department  ||  SC Takes Objection of Allahabad High Court Order Blaming Victim in Rape Case    

Armada (Singapore) Pte. Ltd. v. Ashapura Minechem Ltd. - (High Court of Bombay) (08 Sep 2015)

Execution of arbitration of arbitral award impermissible without permission of BIFR

MANU/MH/2374/2015

Arbitration

Mere violation of Indian law is not sufficient to raise an objection for enforcement of the foreign award under Section 48 of the Arbitration Act, 1996. In a case where Petitioner sought execution of awards made by a foreign arbitrator, the Court held that though the awards were decreed, the Petitioner could not go ahead the same without permission from the Board for Industrial and Financial Reconstruction, in violation of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985.

Relevant : Section 22 Sick Industrial Companies (Special Provisions) Act, 1985 Act Tropic Shipping Company Limited vs. Kothari Global Limited MANU/MH/0790/2001 Penn Racquet Sports vs. Mayor International Ltd. MANU/DE/0147/2011

Tags : ARBITRATION   SICA   FOREIGN   BIFR  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved