In Brief
Shakti Nath and others challenged an arbitral award made by a tribunal in favour of Alpha Tiger Cyprus Investment No. 3 Ltd and others. The High Court rejected their challenge, finding that the tribunal's findings—particularly that the respondents had brought substantial funds for the project—were undisputed facts consistent with the underlying agreement. The Supreme Court dismissed the appeal, holding the award valid and enforceable. However, it granted a 2-month grace period before enforcement to allow the appellants to arrange compliance, after which the decree would become immediately executable.
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