COMMON ORDER

The above execution petitions have been filed under Sections 47 to 49 of the Arbitration and Conciliation Act, 1996 (for short, the Act) read with Order XXI Rule 46 of the Civil Procedure Code ( CPC ) for recognition and enforcement of two foreign arbitral awards both dated 04.2.2021 and for a declaration that the same should be deemed to be the decrees of this Court.

2. Heard both.

3. The facts leading to filing of these execution petitions are as follows:

(i) In E.P.No.68 of 2021, the petitioner/award holder and the respondent/award debtor had a long standing business relationship for the sale of crude palm oil and refined, bleached and deodorised palm olein from Indonesia/Malaysia to India. Earlier, the parties had concluded around 89 transactions between 2017 and 2019. On 07.1.2020, the agent of the respondent-one Mr.Ramamoorthy Ramakrishna informed the petitioner that M/s.YENTOP would need 8,000 MT RBD Olein in the same laycan 10 to 20 every month. The Marketing Executive and the Director of the respondent were privy to the said communication and they also participated in the negotiations that ensued.

(ii) Thereafter, on 13.1.2020, the agent of the respondent sent a co