Supreme Court of India · 2016-04-22
M/S SHINHAN APEX CORPORATION vs M/S EURO APEX B.V
- Citation / case number
- SC 2015/3025
- Court
- Supreme Court of India
- Petitioner
- M/S SHINHAN APEX CORPORATION
- Respondent
- M/S EURO APEX B.V
- Author
- Fakkir Mohamed Ibrahim Kalifulla
- Bench
- S.A. BOBDE FAKKIR MOHAMED IBRAHIM KALIFULLA
Judgment text excerpt
The Supreme Court addressed the enforcement of an arbitral award under the Arbitration and Conciliation Act, 1996, specifically referencing Section 34. The Court held that the respondent was obligated to transfer patent rights as per the Partial Final Award dated 23.12.2011, and that failure to comply would incur penalties as outlined in the award. The Court affirmed the enforceability of the award, emphasizing the binding nature of arbitration agreements and awards under Indian law.