2017-TIOLCORP-16-SC-MISC
Venture Global Engineering Llc Vs Tech Mahindra Ltd
Whether legality of the Foreign Award, can be decided u/s 34 of the AAC Act by the Indian Courts - YES : SC
Whether acts of Ramalinga Raju, the Chairman and founder of SATYAM in the affairs of Company as admitted by him amounts to misrepresentation/ suppression of material facts and can be basis for quashing an Award - YES : SC
Whether such acts of Mr. Raju, in the affairs of Satyam, has any causative link to the arbitral proceedings and constitutes an "event of default" entitling the Venture to terminate the Agreement and claim relief against Satyam - YES : SC
Whether Award of an arbitral Tribunal can be set aside only on the grounds specified in Section 34 of the AAC Act and not on any other grounds - YES : SC
Whether arbitral proceedings including any Award if passed in violation of public policy of India is not sustainable and can not be enforced - YES : SC
- Case Allowed: SUPREME COURT OF INDIA