LAWS(DLH)-2019-12-107

VALUE ADVISORY SERVICES Vs. ZTE CORPORATION

Decided On December 13, 2019
Value Advisory Services Appellant
V/S
Zte Corporation Respondents

JUDGEMENT

(1.) Two issues have been raised before me in the present proceedings. First, as to the applicability of Part-I of the Arbitration and Conciliation Act, 1996 (hereafter referred to as "1996 Act") to a foreign award rendered prior to the decision in Bharat Aluminium Company vs. Kaiser Aluminium Technical Services INC, (2012) 9 SCC 552 (in short "BALCO").

(2.) Second, as to whether the decree holder will be entitled to interest in terms of Annexure-P filed along with the execution petition?

(3.) In order to adjudicate upon the aforementioned issues, the following broad facts are required to be noticed: -