Phulchand Exports Ltd vs Ooo Patriot

The Supreme Court addressed the enforcement of an arbitration award under Section 48(2)(b) of the Arbitration and Conciliation Act, 1996, determining that such enforcement is not contrary to public policy of India. The Court emphasized that the award must be consistent with Indian laws and public policy, and the specific terms of the contract, including the CIF basis and payment terms, were upheld. The appeal was dismissed, affirming the validity of the arbitration award in favor of the respondent.