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Supreme Court of India

Dlf Ltd. (formerly Known as Dlf Universal Ltd) and Anr. v. Koncar Generators and Motors Ltd.

Neutral citation
Reported as [2024] 8 S.C.R. 291
Bench Pamidighantam Sri Narasimha and Aravind Kumar JJ.
Decided 8 August 2024

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Issue for Consideration The issue arising in the present appeal relates to enforcement of an arbitral award expressed in foreign currency. In this context, two questions arise for consideration. First, what is the correct and appropriate date to determine the foreign exchange rate for converting the award amount expressed in foreign currency to Indian rupees. Second, what would be the date of such conversion, when the award debtor deposits some amount before the court during the pendency of proceedings challenging the award. Headnotes† Arbitration and Conciliation Act, 1996 – Arbitral Award –

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