Recognition & Enforcement of Foreign Arbitral Awards in India: Legal Framework & Challenges

This research work explores the recognition and enforcement of foreign arbitral awards in India, with a focus on its legal framework, challenges, and implications. The hypothesis posits that while effective recognition and enforcement are vital for fostering international commercial arbitration and attracting foreign investment, various obstacles within the legal system may hinder the process. It investigates the current legal landscape in India and the complexities foreign parties encounter when seeking to enforce arbitral awards. It also analyzes the impact of recognition and enforcement process on India's appeal as an international arbitration hub and examines the role of international conventions, such as the New York Convention. Furthermore, it delves into the interpretation of the public policy exception by Indian courts and considers recent legislative and judicial developments. Ultimately, the research aims to identify opportunities for enhancing India's legal mechanisms to promote international arbitration and foreign investment, with practical implications for businesses.