What The calcutta HC held On Anti-suit Injunction passed By Courts In Relation To foreign Arbitral Proceedings By Ajay Gaggar

Posted  under  IBC, Business, Legal,  by Sonal  / 3 days ago

A Division Bench of the Calcutta High Court held that an anti-suit injunction which was passed by an Indian court staying a foreign arbitral reference and the following enforcement of such foreign award, is without jurisdiction and held towards being non est, if later vacated through a superior court. Relating to this, a matter which involves, Devi Resources Ltd. (appellant), is a Hong Kong Based corporation that bought iron ore vide a contract dated 29th February, 2012 from Ambo Exports Ltd (respondent).

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