ORDER :

[PRAYER : Arbitration Original Petition is filed under Sections 47 & 49 of the Arbitration and Conciliation Act, 1996, praying to declare that the Arbitration Award in SIAC Arbitration No.376 of 2019 dated 06.10.2021 be enforced as a decree of this Court, as against the respondent and for costs.]

This Arbitration Original petition has been filed dated 08.12.2021 under Sections 47 & 49 of the Arbitration and Conciliation Act,1996 for enforcement and execution of the final Award passed by Foreign Arbitral Tribunal dated 06.10.2021.

2. In brivity, the 1st petitioner “Aapico Hitech Public Company Limited” is herein referred to as “Aapcio Thailand”; the 2nd petitioner “Aapico Investment Private Limited” as “Aapico Singapore” and the 3rd petitioner “Sakthi Global Auto Holdings Limited” as “SGAH” and the respondent, “Sakthi Auto Component Limited” as “SACL”.

3. The brief facts of the case are as follows :

“3.1 Aapcio Thailand” is a public listed company, incorporated under the laws of Thailand. “Aapico Singapore” is incorporated under the laws of Singapore.

3.2 Aapico Thailand holds 100% shares of Aapico Singapore and hence, Aapico Thailand and Aapico Singapore are collectively referred