Section 57 of ACA : Section 57: Conditions For Enforcement Of Foreign Awards

Explanation using Example

Imagine a scenario where an Indian company, SpiceTech, entered into a contract with a German company, AutoInnov, for the supply of specialized machinery. The contract included an arbitration clause specifying that any disputes would be resolved through arbitration in Germany, in accordance with German law.

Disagreement arose over the performance of the machinery, and AutoInnov initiated arbitration proceedings in Germany. The arbitral tribunal found in favor of AutoInnov and made an award for damages against SpiceTech.

AutoInnov now wants to enforce this award in India, where SpiceTech has substantial assets. To enforce the award under Section 57 of The Arbitration and Conciliation Act, 1996, the following conditions need to be met:

• The award...

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