A.K. MENON, J.

1. By this petition, the petitioner corporation registered under the laws of Italy seeks enforcement of a foreign award.

The brief facts leading to the filing of the present petition are as follows:

2. The petitioner is engaged in manufacture of cables and systems for energy and telecommunications. The petitioner entered into Joint Venture Agreement (JVA) dated 19th January, 2010 whereby it became entitled to and holds 51% of shareholding of Indian Company Ravin Cables Limited (“Ravin”). One Vijay Karia (“Karia”) respondent no. 1 alone represents the existing shareholders of Ravin. It is stated that all existing shareholders were represented by Mr. Karia who was empowered by powers of attorney stated to be coupled with interest and which were at all times valid and subsisting. One of the two erstwhile shareholders P.M. Karia and Asha P. Karia expired and their estate is said to be represented by the First respondent to the extent it concerns shareholding in Ravin. The shares said to have been held by late P.M. Karia are said to be presently under the control of respondent no. 1 and the shares held by late Asha Karia were transferred to Paresh J. Karia-responde