Nagaraj V Mylandla v PI Opportunities Fund-I and others - I - 25 March 2026

Country
Year

2026

Summary

Enforcement of a foreign arbitral award is in issue.

By common order dated 22.09.2025, a learned Judge of the High Court of Judicature at Madras held the award dated 05.07.2024 passed by a 3-member arbitral tribunal, under the aegis of the Singapore International Arbitration Act, 1994, and the Arbitration Rules of the Singapore International Arbitration Centre, to be enforceable and deemed it to be a decree under Section 49 of the Arbitration and Conciliation Act, 1996. He, accordingly, passed a decree in terms of the said award against Nagaraj V. Mylandla and Sharada Mylandla, the directors of Financial Software and Systems Private Limited, Chennai. Aggrieved thereby, the Mylandlas filed this batch of special leave petitions.

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