Supreme Court of India · 2016-12-15
M/S. CENTROTRADE MINERALS AND METALS INC. vs HINDUSTAN COPPER LTD.
- Citation / case number
- SC 2004/19375
- Court
- Supreme Court of India
- Petitioner
- M/S. CENTROTRADE MINERALS AND METALS INC.
- Respondent
- HINDUSTAN COPPER LTD.
- Author
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
- Bench
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN, HON'BLE MR. JUSTICE NAVIN SINHA, HON'BLE MR. JUSTICE B.R. GAVAI
Judgment text excerpt
The Supreme Court addressed the enforceability of a foreign arbitration award under the Arbitration and Conciliation Act, 1996, specifically referencing Section 48. The Court held that the two-tier arbitration agreement was valid and that the London award was indeed a foreign award, thus enforceable in India. The Court dismissed the objections raised by Hindustan Copper Ltd. (HCL) against the enforcement of the award, affirming the decision of the Calcutta High Court that allowed the execution of the award.