Praxair India Private Limited vs. Indian Oil Corporation Limited
Background
The decree holder had filed a petition to enforce an arbitral award against Indian Oil Corporation, but sought to withdraw it in order to first complete the requirement of paying stamp duty on the award under the Indian Stamp Act, 1899, before refiling.
Decision Breakdown
The Court granted the requested leave, allowing the petition to be withdrawn with liberty to file a fresh enforcement petition once the stamp duty requirement was satisfied. The petition was accordingly dismissed as withdrawn, without any decision on the underlying merits of enforcement.
Lesson Learnt
An arbitral award generally must be properly stamped before a court will enforce it: parties should attend to this procedural (but essential) requirement early, as failing to do so can force withdrawal and re-filing of an enforcement petition.