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IN THE HIGH COURT OF DELHI AT NEW DELHI
AMIT BANSAL, J
VEDANTA LIMITED – Appellant
Versus
SHENZHEN SHANDONG NUCLEAR POWER CONSTRUCTION COMPANY LIMITED – Respondent
| Table of Content |
|---|
| 1. enforcement petition for arbitral award (Para 1 , 2) |
| 2. arguments by the decree holder's counsel (Para 3) |
| 3. arguments by the judgment debtor's counsel (Para 4) |
| 4. court's findings and analysis on interest (Para 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51) |
| 5. final directions and disposition of petition (Para 53 , 54 , 55) |
JUDGEMENT
AMIT BANSAL, J.
1. The present enforcement petition has been filed seeking enforcement of the Arbitral Award dated 9th November 2017 (hereinafter the “Arbitral Award”).
2. Brief factual background of the case is set out below:
2.1 On 18th April 2012, notice was issued on behalf of the claimant/ decree holder invoking the arbitration clause. The statement of claim was filed on behalf of the decree holder (claimant in the arbitration) on 17th October 2012.
2.2 On 12th December 2012, the Division Bench of Bombay High Court passed an order in an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 (hereinafter ‘the Act’), arising out of a petition und
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