M/S Shriram Epc Limited vs Rioglass Solar Sa

The Supreme Court addressed the enforceability of a foreign arbitration award under the Arbitration and Conciliation Act, 1996, specifically Sections 48 and 49, in light of the Indian Stamp Act, 1899. The Court held that the absence of stamp duty on a foreign award does not preclude its enforcement, thereby affirming the decision of the Madras High Court. The Court distinguished previous judgments and clarified that the enforcement of foreign awards is governed by international conventions, which do not impose local stamp requirements.