M/S Aquarius Pvt. Ltd. v. M/S Amit Ship Management Pvt. Ltd.
Case brief
What is this about?
In this Company Appeal, the High Court held that an arbitral award dated 10th October 2001 was not enforceable as it was subject to challenge under Section 34 of the Arbitration and Conciliation Act, 1996. Consequently, dismissal of the underlying company petition could not be faulted, and the appeal was dismissed in limine.
What did the court decide?
Appeal was dismissed in limine as the arbitral award was not enforceable due to pending Section 34 proceedings.