Wednesday, 17 March 2021

Section 46 of Arbitration and Conciliation Act - When foreign award binding

 Section 46 Arbitration and Conciliation Act Description

Any foreign award which would be enforceable under this Chapter shall be treated as binding for all purposes on the persons as between whom it was made, and may accordingly be relied on by any of those persons by way of defence, set off or otherwise in any legal proceedings in India and any references in this Chapter to enforcing a foreign award shall be construed as including references to relying on an award.

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