Enforcement Of Arbitral Awards In India: The Paradox
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it would have to wait for a period of three (3) months for the enforcement and execution of the award the Supreme Court categorically observed that India cannot aspire to be an international arbitration hub if there is no enforcement of arbitration awards. This was in relation to a 2017 award granti
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- it would have to wait for a period of three (3) months for the enforcement and execution of the award
- the Supreme Court categorically observed that India cannot aspire to be an international arbitration hub if there is no enforcement of arbitration awards. This was in relation to a 2017 award granting INR 7200 crores in the favour of Delhi Metro Rail Corporation.
- issued a direction that Executing Courts must dispose of the Execution Proceedings within six months from the date of filing, which may be extended only by recording reasons in writing for such delay.
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