( 1 ) THIS Revision Application raises an interesting question of law as regards the jurisdiction of Courts in India to entertain an application for filing a foreign award under sec. 3 of the Foreign Awards (Recognition and Enforcement) Act 1961 (hereinafter to be referred to as the Foreign Awards Act for the sake of brevity ). The petitioners of this Revision Application were respondent Nos. 1 and 2 in Arbitration Petition No. 1 of 1984 while respondent No. 1 in this Revision Application was the petitioner in that arbitration petition. Respondent No. 2 in this Revision Application was respondent No. 3 while respondent No. 3 in this Revision Application was respondent No. 4 in the Arbitration petition. For the sake of convenience I shall refer to the respective parties by their respective positions in the original Arbitration Petition No. 1 of 1984.

( 2 ) THE undisputed facts leading to the filing of this Revision Application may be briefly stated as follows:-M/s. Brace Transport Corporation of Monrovia a Corporation incorporated under the Laws of Liberia the original petitioner by an agreement dated 4 sold a vessel named Saudi Cloud to M/s. Orri Navigation Lines of