Insights
Delhi HC on enforceability of a foreign award in a consolidated arbitration
May 1, 2019Brief Facts
The Petitioner filed a petition under Section 48 of the Arbitration and Conciliation Act, 1996 (“Act”) seeking enforcement of a foreign award passed by the sole arbitrator under the arbitration rules of Combined Edible Nut Trade Association ( “CENTA Rules”), now known as The Nut Association (“TNA”). Petitioner had entered into three contracts with Respondent No. 1 and one agreement with Respondent No. 2 for sale of NIPS Almonds. Respondents had agreed to abide by the Uniform Almond Contract (UAEC 2007) terms and conditions.
