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Section 49 Arbitration and Conciliation Act, 1996

Arbitration and Conciliation Act, 1996

 

 

49. Enforcement of foreign awards.—

 

 

Where the Court is satisfied that the foreign award is enforceable under this Chapter, the award shall be deemed to be a decree of that Court.

 

 

Comments

 

Court is required to record its satisfaction that a foreign award is enforceable

 

Before proceeding to execute a foreign award as a decree of a court, the court is required to record its satisfaction that such a foreign award is enforceable. This, however, does not mean that court cannot pass any interim order in order to protect interest of person applying for enforcement and execution of a foreign award; Centrotrade Minerals & Metals Inc. v. Hindustan Copper Ltd., AIR 2004 Cal 142.

 

 

 

 

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Arbitration and Conciliation Act, 1996

 

Indian Laws – Bare Acts

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