Foreign Award Against Public Policy Not Enforceable In India : SC Renders Rs 450 Crores Award Against NAFED Unenforceable [Read Judgment]

In a notable decision, the Supreme Court held as unforceable a foreign award on the grounds of being opposed to the "foundational policy of Indian law and basic concept of justice".The case arose out a dispute between Central Government-agency National Agricultural Co-opeartive Marketing Federation of India(NAFED) and Alimenta SA regarding export of HP groundnuts.On account of the...