SC: Recoveries U/S 27 of Evidence Act Alone Cannot Sustain Conviction; 1988 Murder Acquittal Restored  ||  SC: Successive Impleadment Applications are Barred by Res Judicata under Different CPC Provisions  ||  Supreme Court Halts Coercive Measures in CJP Protest Cases, Directs Release of Minors  ||  Supreme Court: National Commission for Scheduled Castes Lacks Power to Pass Binding Orders  ||  Bombay HC: Alleged Illegal Arrest Alone Cannot Trigger Contempt Action Against Police  ||  Bombay HC Quashes Order against Taiwan National, Says Online Study Didn't Breach Visa Rules  ||  P&H High Court Issues Directions on LADC Scheme After Reviewing Lawyers' Objections  ||  Allahabad HC: Suspension of Sentence Plea Need Not Take Priority if Appeal is Ready  ||  Allahabad High Court: Surcharge Recovery From Pradhan Must Follow Panchayat Raj Act Procedure  ||  Allahabad HC Directs IB Probe into 4 Lucknow Lawyers, Raises Concern over Lawyer-Police Nexus    

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 2026 - All Rights Reserved