TRAMMO DMCC vs NAGARJUNA FERTILIZERS AND CHEMICALS LIMITED

Judgment text excerpt

CARBP-441-2017.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO. 441 OF 2017 WITH INTERIM APPLICATION (L) NO. 27655 OF 2024 WITH CONTEMPT PETITION IN COMMERCIAL DIVISION MATTERS (L) NO.212 OF 2025 WITH COMMERCIAL ARBITRATION PETITION NO.508 OF 2017 Trammo DMCC (Formerly known as Transammonia DMCC) Petitioner Versus Nagarjuna Fertilizers and Chemicals Ltd. Respondents Mr. Darius Khambata, Senior Advocate a/w. Omar Ahmad, Arun Siwach, Suraj Iyer, Adv.Vikram Shah, Adv. Vidhi Shah, Adv. Ritik Rath, Adv. Gauri Joshi, i/b Ganesh & Co. for the Petitioner. Mr. Prateek Seksaria, Senior Advocate a/w. Mr Pratik Poojary, Adv. Divyam Agarwal, Adv. Harsh Agarwal i/b Pratik Amin Associates for the Respondents. CORAM : SOMASEKHAR SUNDARESAN, J. RESERVED ON : FEBRUARY 17, 2026 PRONOUNCED ON: MARCH 5, 2026 JUDGEMENT: Context and Factual Background: 1. Commercial Arbitration Petition No. 441 of 2017 is a petition filed under Part II of the Arbitration and Conciliation Act, 1996 (“the Act”), seeking recognition and enforcement of five foreign arbitral Page 1 of 32 Digitally March 5, 2026 signed by AARTI MPBalekar/Aarti Palkar AARTI GAJANAN GAJANAN PALKAR PALKAR Date: 2026.03.05 15:32:31 +0530 CARBP-441-2017.doc awards (“Foreign Awards”) in which the Petitioner, Trammo DMCC (“Trammo”), is the judgement creditor while the judgement debtor is the Respondent, Nagarjuna Fertilizers and Chemicals Ltd. (“Nagarjuna”), a company whose shares are listed on Indian Stock Exchange. 2. The Foreign Awards are :- i) First Interim Final Award dated December 4, 2015 (“First Award”), as amended on July 4, 2016; ii) First Cost Award dated February 5, 2016 (“First Cost Award”), as amended on July 4, 2016. iii) Costs of Costs Award dated March