Supreme Court of India · 2019-11-15
MR. VINAY PRAKASH SINGH vs SAMEER GEHLAUT
- Citation / case number
- SC 2018/37855
- Court
- Supreme Court of India
- Petitioner
- MR. VINAY PRAKASH SINGH
- Respondent
- SAMEER GEHLAUT
- Author
- HON'BLE MR. JUSTICE DEEPAK GUPTA
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MS. JUSTICE INDIRA BANERJEE, HON'BLE MR. JUSTICE K.M. JOSEPH
Judgment text excerpt
The Supreme Court upheld the enforcement of a foreign arbitral award under Section 48 of the Arbitration and Conciliation Act, 1996, affirming that the objections raised by the respondents were dismissed. The Court noted that the award, which entitled the petitioner to Rs. 3500 crores, had become final despite the respondents' claims of an appeal in Singapore without a stay order. The Court emphasized the importance of protecting the petitioner's interests against potential asset dissipation by the respondents, thereby reinforcing the enforceability of arbitral awards.