As per Section 44 of the Arbitration and Conciliation Act, 1996, there are six ingredients to an award being a foreign award under the said Section.
๐First, it must be an arbitral award on differences between persons arising out of legal relationships.
๐Second, these differences may be in contract or outside of contract, for example, in tort.
๐Third, the legal relationship so spoken of ought to be considered “commercial” under the law in India.
๐Fourth, the award must be made on or after the 11th day of October, 1960.
๐Fifth, the award must be a New York Convention award-in short it must be in pursuance of an agreement in writing to which the New York Convention.org applies and be in one of such territories.
๐Sixth, it must be made in one of such territories which the Central Government by notification declares to be territories to which the New York Convention applies.
Gemini Bay Transcription Pvt. Ltd. vs. Integrated Sales Service Ltd. and Ors. (10.08.2021 – SC) : MANU/SC/0517/2021
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