Because of its increasing importance in the industry, a separate session was dedicated to coloration mechanisms specific to drying, as well as means of measuring and assessing them. About 45 of the attendees continued on to see beautifully forests and landscapes in Romania within the Post-Conference Excursion. This was also a new opportunity to discover the traditional Romanian dances and songs.
The Court highlighted that a violation of the fundamental policy of Indian law must amount to a breach of some legal principle or legislation which is so basic to Indian law that it is not susceptible of being compromised. This is a departure from the landmark judgment in Renusagar Power Company Limited v.
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Interestingly, although passed in the context of enforcement of foreign awards, the findings and conclusions of the Supreme Court in Vijay Karia have a direct bearing on challenges to arbitral awards passed in India-seated international commercial arbitrations raised under Section 34 of the Act. The Amendment Act took away ground i and a meaningful reading and application of the Vijay Karia judgment would result in the extinguishment of ground ii. In effect, this means that a challenge to an award passed in an India-seated international commercial arbitration which is founded on the ground that the same violates FEMA regulations would no longer be sustainable.
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The decision of the Supreme Court in Vijay Karia brings welcome clarity and finality. It is a firm step forward in preserving the integrity of arbitral awards and protecting awards from trifling technical challenges.
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