SHRI LAL MAHAL LTD vs PROGETTO GRANO SPA

The Supreme Court ruled that the appeal awards dated 21.09.1998 by the Board of Appeal of the Grain and Feed Trade Association are enforceable under Section 48 of the Arbitration and Conciliation Act, 1996. The Court established that the enforceability of foreign arbitral awards is governed by the provisions of the 1996 Act, and the awards in question met the necessary criteria for enforcement. Consequently, the appeal was dismissed, affirming the validity of the awards in favor of the respondent.