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september 2022

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.

M/S Daiichi Sankyo Company Limited vs Oscar Investments Limited · Niyam