Download presentation
Presentation is loading. Please wait.
Published byMildred Marsh Modified over 6 years ago
1
Presented By: Mr. S Ravi Shankar – Senior Partner -ravi@lawsenate.com
Law Senate Law Firm ENFORCEMENT OF INTERNATIONAL COMMERCIAL ARBITRATION AWARDS & DOMESTIC ARBITRATION AWARDS Presented By: Mr. S Ravi Shankar – Senior Partner
2
Enforcement of Awards Enforcement of a Domestic Arbitration award Passed in India against an Indian Party Enforcement of an Award Arising out of an International Arbitration seated in India, against an Indian Party Enforcement of a Foreign Seated Arbitration Award against an Indian Party Enforcement of a Foreign seated Arbitration Award against a Foreign Party
3
Indian Award against an Indian Party
Can be enforced under S.36 after the limitation prescribed under S.34 Mere filing of an Application under S.34 is not sufficient to stop the enforcement of an award To stop the enforcement, a court has to grant a stay of the award While granting stay the Court requires to treat the award for payment of money, like a money decree and impose conditions Enforcement application has to be filed in the court having jurisdiction over the properties Limitation :12 years Umesh Goel Vs Himachal Pradesh Co-operative (2016) 11 SCC 313
4
India seated Award against a Foreign Party
India is a New York Convention country An award passed in India can be enforced in most of the New York Convention countries Same award can be enforced in many countries where assets of the Judgment debtor are available, till amounts are recovered The Foreign party can challenge the award only in India under S.34 Most of the countries have very limited grounds for resisting the enforcement (Same principles apply for enforcing foreign award against a foreign party, if seat is New York Convention Seat)
5
India seated International Arbitration award against an Indian Party
Same Procedure like a Domestic Award Can be challenged under S.34 So no Special treatment since it is International Arbitration
6
Foreign Award against Indian Party
Enforcement of a Foreign seated Award against Indian Party Is Possible if the seat of the Arbitration is in a New York Convention Country And Recognized by India on Reciprocity basis Provisions are S. 46 to 49 of the Act The High Courts have the Jurisdiction to enforce Original award and original arbitration agreement are to be produced The party which challenges the authenticity of the requirements require to produce documents and prove the same (Swiss Singapore Overseas Enterprises Vs LMJ International) 2017 SCC Online Cal 9335
7
Foreign Award against Indian Party
Grounds of Challenge permitted as per S.48 Award has dealt with non-arbitrable issues Award is against Public Policy of India Public Policy means award by way of fraud or corruption or fundamental Policy of Indian law In Conflict with most basic notions of morality and justice But under Policy policy, merits of the award can not be reviewed
8
Foreign award against an Indian Party
No need for two separate proceedings for Recognition and Enforcement Furest Day Vs Jindal Exports (2001) 6 SCC 356 Narrow view has to be taken under S.48 in the case of enforcement of Foreign award (2011) 10 SCC 300 Phuel Chand Exports Vs Patriot Grounds of Patent illegality or violtaive of contract provisions are not available to resist enforcement of Foreign awards SriLal Mahal Vs Progetto No requirement for Registration and payment of stamp for Foreign awards 174 (2009) DLT 391 Naval Gent Maritime Vs Shivnath RBI Regulation can not stop enforcement Cruz City Mauritius Vs Unitech (2017) Online Del 7810
9
Thanks
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.