VIJAY KARIA vs PRYSMIAN CAVI E SISTEMI SRL

The Supreme Court upheld the enforceability of arbitration awards made under the London Court of International Arbitration Rules against the appellants, who are shareholders of Ravin Cables Limited. The court affirmed the Bombay High Court's decision that the awards were valid and enforceable in India, emphasizing the importance of international arbitration agreements and their recognition under Indian law. The judgment reinforces the principle that arbitration awards, once rendered, should be respected and enforced unless there are compelling reasons to set them aside.