Dlf Ltd. (Formerly Known As Dlf ... vs Koncar Generators And Motors Ltd

The Supreme Court addressed the enforcement of an arbitral award expressed in foreign currency under the Arbitration and Conciliation Act, 1996. It established that the date of enforceability of the award, which is when objections are dismissed, is the correct date for converting the award amount to Indian rupees. Additionally, if any part of the award amount is deposited in court during the objection proceedings, that deposit date will be used for conversion. The court upheld the principles from Forasol v. Oil and Natural Gas Commission and Renusagar Power Co Ltd v. General Electric Co.