DLF LTD. (FORMERLY KNOWN AS DLF UNIVERSAL LTD) AND ANR.versusKONCAR GENERATORS AND MOTORS LTD.
Case No.: CIVIL APPEAL No. 7702/2019
Decision Date: 08-08-2024
Disposal: Case Partly allowed
Neutral Citation: 2024INSC593

PAMIDIGHANTAM SRI NARASIMHA*, ARAVIND KUMAR Issue for Consideration The issue arising in the present appeal relates to enforcement of an arbitral award expressed in foreign currency. In this context, two questions arise for consideration. First, what is the correct and appropriate date to exchange rate for converting the award amount expressed in foreign currency to Indian rupees. Second, what would be the date of such conversion, when the award debtor deposits some amount before the court during the pendency of proceedings challenging the award. Headnotes† Arbitration and 

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