Avitel Post Studioz Limited vs Hsbc Pi Holdings (Mauritius) Limited ...

The Supreme Court upheld the enforcement of a foreign arbitral award under Section 48 of the Arbitration and Conciliation Act, 1996, rejecting the appellants' objections. The Court confirmed that the High Court's order facilitating the enforcement of the final award dated 27.09.2014 was valid, and the appellants were required to disclose their properties during execution proceedings. The ruling emphasizes the binding nature of arbitration agreements and the limited grounds for refusing enforcement of foreign awards.