Summary

This is an appeal filed under Section 50 of the Arbitration and Conciliation Act' 1996 (in short 'the Act' 1996'), directed against the judgment and order dated 05.07.2018 passed by the learned Single Judge refusing to enforce a foreign award under Section 48 of the Act' 1996.

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The appellant herein namely, Asean LNG Trading Co. Ltd. now known as Petronas LNG Ltd. had entered into an agreement with the respondent namely, M/s. Adani Energy Ltd., as a Master agreement for LNG sale and purchase on 02.08.2006. The Master agreement has been executed between Malaysia LNG SDN BHD (for an on behalf of Malaysia LNG Companies) and Adani Energy Ltd. (respondent herein) for sale of Liquifi ed Natural Gas (LNG) for a period of three years. Malaysia LNG Companies, referred to as 'MLNG' in the agreement is the seller and Adani Energy Ltd. 'Adani' is the buyer as described in the agreement.