Shree Krishna Vanaspati Industries (P) ... vs Virgoz Oils & Fats Pte Ltd & Ors
Judges (1)
Case Significance
Shree Krishna Vanaspati Industries (P) ... vs Virgoz Oils & Fats Pte Ltd & Ors is a Delhi High Court decision dated November 27, 2024 (citation: ik-54708574). The petitioner challenged a foreign arbitral award dated 28.02.2012 under Section 34 of the Arbitration and Conciliation Act, where the award was rendered by a tribunal constituted under the Palm Oil Refiners Association of Malaysia (PORAM) Rules with the seat of arbitration in Malaysia. The respondent objected that Part I of the Act does not apply to foreign-seated arbitrations, relying on the Supreme Court's ruling in Bharat Aluminium v. Kaiser Aluminium. The Court dismissed the petition as The case was heard by Justice Sachin Datta.
Summary
The petitioner challenged a foreign arbitral award dated 28.02.2012 under Section 34 of the Arbitration and Conciliation Act, where the award was rendered by a tribunal constituted under the Palm Oil Refiners Association of Malaysia (PORAM) Rules with the seat of arbitration in Malaysia. The respondent objected that Part I of the Act does not apply to foreign-seated arbitrations, relying on the Supreme Court's ruling in Bharat Aluminium v. Kaiser Aluminium. The Court dismissed the petition as not maintainable, holding that the unambiguous intention of the parties was for the arbitration seat to be in Malaysia, precluding challenge under Part I of the Act.
What was the outcome of Shree Krishna Vanaspati Industries (P) ... vs Virgoz Oils & Fats Pte Ltd & Ors?
The petitioner challenged a foreign arbitral award dated 28.02.2012 under Section 34 of the Arbitration and Conciliation Act, where the award was rendered by a tribunal constituted under the Palm Oil ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-54708574)