VENTURE GLOBAL ENGINEERING vs SATYAM COMPUTER SERVICES LTD

The Supreme Court held that a foreign arbitral award can be challenged under Section 34 of the Arbitration and Conciliation Act, 1996, establishing that such awards are not immune from judicial scrutiny in India. The Court remanded the case back to the trial court for reconsideration, emphasizing the need to maintain status quo regarding the transfer of shares pending resolution. The outcome reinstated the appellant's right to contest the enforcement of the award in Indian courts.