Supreme Court · 2024 INSC 593 · Decided 8 August 2024
DLF LTD. (Formerly Known As DLF Universal Ltd) and ANR. v. Koncar Generators and Motors LTD.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 593 · [2024] 8 S.C.R. 291
- Case number
- CIVIL APPEAL No. 7702/2019
- Decided
- 8 August 2024
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, ARAVIND KUMAR (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Arbitration Act
Headnote
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 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. Arbitration and
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