Delhi HC: JD Cannot Move Objections u/s 47 of CPC against Execution of Award  ||  Del HC Refers to Larger Bench the Issue if Suit for Infringement Lies Against Proprietors of TM  ||  Delhi HC: For Wrongful Availment of ITC, Rampant Misuse of S.16 Will Create Enormous Dent  ||  Del. HC: Wife Leaving Work to Take Care of Child Cannot be Called as Voluntary Abandonment  ||  Bombay HC: Wife to Provide Voice Samples to Prove Allegations by Husband of Extra Marital Affair  ||  SC Upholds Constitutional Validity of Sec. 5A of Kerala GST Act & Section 7A of Tamil Nadu GST Act  ||  SC: Use of Volume-Based Rebates Does Not Constitute Abuse of Dominant Position  ||  SC: Under P&C Act Non-Public Servant Can be Convicted for Abetting Offences  ||  SC: IO’s Testimony Based Only on Section 161 CrPC Statements of Witnesses is Not Admissible  ||  NCLT Delhi: Can’t Adjust Payment Made for Specific Invoice Against Back Dated Invoices    

SC Determines the Conversion Rate of Foreign Award Expressed in Foreign Currency to Indian Rupees - (12 Aug 2024)

ARBITRATION

SC has held that statutory scheme makes a foreign arbitral award enforceable when objections against it are finally decided. Therefore, as per A&C Act, 1996, relevant date for determining conversion rate of foreign award expressed in foreign currency is the date when the award becomes enforceable.

Tags : SUPREME COURT   FOREIGN ARBITRAL AWARD   CONVERSION RATE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved