Supreme Court of India · 2022-09-22
M/S Daiichi Sankyo Company Limited vs Oscar Investments Limited
- Court
- Supreme Court of India
- Petitioner
- M/S Daiichi Sankyo Company Limited
- Respondent
- Oscar Investments Limited
- Author
- Uday Umesh Lalit
- Bench
- K.M. Joseph, Indira Banerjee, Uday Umesh Lalit
Judgment text excerpt
The Supreme Court addressed the enforcement of a Foreign Arbitral Award in favor of Daiichi Sankyo Company Limited against multiple respondents. The court emphasized the importance of upholding international arbitration awards under the Arbitration and Conciliation Act, 1996, and confirmed that such awards should be enforced unless there are compelling reasons to refuse enforcement. The court ultimately ruled in favor of Daiichi, allowing the enforcement of the arbitral award.