Public Policy and Foreign Arbitral Awards
In India, the true import of the phrase ‘public policy’ was, at first, put to question in relation to The Indian Contract Act, 1872. Section 23 reads as: “The consideration or object of an agreement is lawful, unless the Court regards it as immoral or opposed to public policy.” In 1959, in Gherulal Parakh v. Mahadeodas […]
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