ORDER :

Prayer: Arbitration Original Petition (Commercial Division) filed under Sections 47 - 49 of the Arbitration and Conciliation Act, 1996 to:

a) declare that the award dated 26.03.2021 and corrected award dated 17.05.2021 be a decree of this Court;

b) direct the respondent No.1 and respondent No.2 to jointly and severally pay the petitioner a sum of Rs.2,28,91,856.20/- equivalent to USD 3,06,655.81/- (Being USD 294,816.67 towards principal plus interest of USD 11,839.14/- @ 4.5% per annum compounded at three monthly rests from 26.03.2021 till payment / realization);

c) direct the respondent No.1 and respondent No.2 to jointly and severally pay the petitioner a sum of Rs.67,66,770.10/- equivalent to USD 90,646.62/- (Being legal expenses in the Madras High Court of USD 87,147/- plus interest of USD 3,499.62 @ 4.5% per annum compounded at three monthly rests from 26.03.2021 till payment / realization);

d) direct the respondent No.1 and respondent No.2 to jointly and severally pay the petitioner a sum of Rs.32,91,147.96/- equivalent to arbitration cost of GBP 32,588.85/- (Being GBP 31,350 towards principal plus interest of GBP 1,238.85 @ 4.5% per annum compounded at three monthly rests from 01.04.2021 till payment / realization)

e) direct the respondent No.1 and respondent No.2 to pay the petitioner the costs of this petition.

Arb.O.P.(Com. Div.)No.195 of 2022 has been filed by the petitioner under Sections 47 to 49 of the Arbitration and Conciliation Act, 1996 (in short 'the Act'), seeking enforcement of a foreign arbitral award dated 26.03.2021, which was corrected under a corrective award dated 17.05.2021.

2. The first respondent had chartered a vessel from the petitioner, who is the deponent owner, under a Voyage Charterparty dated 22.11.2018. According to the petitioner, demurrage is payable by the first respondent to the petitioner as per the terms and conditions of the Charterparty dated 22.11.2018. According to the petitioner, the first respondent took 33.5972 days in discharging the cargo and hence, demurrage is payable by them for 27.0727 days. There arose disputes between the petitioner and the first respondent with regard to the demurrage payable by the first respondent. In accordance with the arbitration clause contained in the Voyage Charterparty dated 22.11.2018, the petitioner had referred the dispute to arbitration in London and the first respondent had also participated in the arbitration at London. The arbitral tribunal passed a foreign arbitral award dated 26.03.2021 in favour of the petitioner, who is the claimant in the arbitration against the respondent, by granting the following reliefs:-

(a) The first respondent was directed to pay the petit