CASE COMMENT- Imax Corporation v E-City Entertainment(I) Pvt. Ltd. & Ors., (Bombay High Court)
Author – RACHIT SHARMA, Faculty Associate at IILM University, Greater Noida
BEST CITATION – RACHIT SHARMA, CASE COMMENT- Imax Corporation v E-City Entertainment(I) Pvt. Ltd. & Ors., (Bombay High Court), INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 3 (1) OF 2023, PG. 764-766, ISSN – 2583-2344.
BOMBAY HIGH COURT: The Limitation Period for seeking execution of a foreign arbitral award is the same of execution of a Decree
CASE: Imax Corporation v E-City Entertainment(I) Pvt. Ltd. & Ors[1]., (Bombay High Court, 13 November 2019)
BENCH: Single Judge Bench [G. S. Kulkarni J.]
ABSTRACT: In 2019, A Single Judge Bench of Bombay High Court clarified that the limitation period for enforcing a foreign award is twelve years from the date of the award, holding that the limitation period for foreign awards is same as that for the execution of a foreign decree as enforcement and execution proceedings are synonymous for foreign awards.
KEYWORDS: Challenge Petition, notice of motion seeking condonation of delay, Enforcement Petition, Execution Petition, period of limitation, Composite Proceedings
[1] Commercial arbitration petition no.414 of 2018