Supreme Court of India
M/s Shriram Epc Limited v. Rioglass Solar Sa
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3 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the view that the expression “award” has never included a foreign award from the very inception till date.
Judgment, page 17
From the headnote
Arbitration and Conciliation Act, 1996 – ss. 48 and 49 – Foreign award – Enforceability of, when award not stamped – eld: Foreign award not bearing stamp duty under the Stamp Act, would not be rendered unenforceable – Term ‘award’ under Item 12 of Schedule I of the Stamp Act, does not include foreign award, t hus, a foreign award not being includible in Schedule I, is not liable for stamp duty – Stamp Act, 1899 – Item 12, Schedule I . Dismissing the appeal, the Court HELD: 1. The Single Judge of the High Court is correct, and the fact that a foreign award has not borne stamp duty under the
Authorities it was built on
- 2012 Bharat Aluminium Co. v. Kaiser Aluminium Technical Service, Inc.
- 1993 Renusagar Power Co. Ltd. Etc. v. General Electric Co. Etc.
- 1999 Thyssen Stahlunion Gmbh Etc. v. Steel Authority of India Ltd.
- 1961 The Senior Electric Inspector and Others v. Lax.mi Narayan Chopra and Others
- 2003 M. Anasuydevi and Anr. v. M. Manik Reddy and Ors.
Where later benches applied it
- 2023 M/s N. N. Global Mercantile Private Limited v. M/s Indo Unique Flame Ltd. & Ors.
- 2021 M/s. N.N. Global Mercantile Pvt. Ltd. v. M/s. Indo Unique Flame Ltd. & Others
- 2020 American Metallurgical Coal Pty Ltd. v. Mmtc Ltd.
Of those, 3 mentioned
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