Mrs. SUJATA MANOHAR, J:---This is an appeal from a judgment and order of a learned Single Judge of this Court under which he has held a foreign award dated 16th September, 1986 made in Paris under the arbitration rules of the International Chamber of Commerce as enforceable under the Foreign Awards (Recognition and Enforcement) Act, 1961. He has accordingly passed a decree under section 6 of the Act. The appellants have challenged his findings and decree.

Relevant Facts.

2. The appellant---Renusagar Power Company Ltd. is a Company registered under the Indian Companies Act, 1956. Its registered office is at Renukoot, District Mirzapur in Uttar Pradesh. It is a wholly owned subsidiary of Hindustan Aluminium Corporation Limited ('HINDALCO'). The respondent/General Electric Company is a company constituted under the laws of the State of New York. United States of America and carries on its business, inter alia, at 570. Lexington Avenue, New York, U.S.A.

3. By a contract in writing dated 24th August, 1964 between Renusagar Power Company Ltd. (hereinafter called 'Renusagar') and General Electric Company (hereinafter called 'G.E.C.') the latter agreed to sell to Renusagar plant, mach