Home Case Index All Cases Indian Laws Indian Laws + SC Indian Laws - 2020 (2) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (2) TMI 628 - SC - Indian LawsArbitral Award - Validity of Final awards made by a sole arbitrator in London under the London Court of International Arbitration Rules (2014) (LCIA Rules) were held to be enforceable against the Appellants in India - HELD THAT:- We cannot help but be left with a feeling that the Appellants are indulging in a speculative litigation with the fond hope that by flinging mud on a foreign arbitral award, some of the mud so flung would stick. We have no doubt whatsoever that all the pleas taken by the Appellants are, in reality, pleas going to the unfairness of the conclusions reached by the award, which is plainly a foray into the merits of the matter, and which is plainly proscribed by Section 48 of the Arbitration Act read with the New York Convention. Given the fact that our jurisdiction under Article 136 of the Constitution is itself limited, and given the fact that this Court’s time has unnecessarily been taken by a case which has already been dealt with by four exhaustive awards on merits and also by the impugned judgment of the Bombay High Court, we dismiss these appeals with costs of INR 50 lakhs, to be paid by the Appellant to Respondent No.1 within 4 weeks from today - Appeal dismissed.
|