In a 22-year-old dispute over oil and gas fields in the Krishna-Godavari basin, the Supreme Court questioned the Centre's repeated challenges to an arbitral award
The court warned that persistent attempts to contest arbitral awards could erode trust in the government as a business partner
The Vodafone and Cairn Energy disputes exposed India's reluctance to honour international arbitration awards, triggering attempts to seize Indian assets overseas
India terminated most bilateral investment treaties in 2016. Its replacement Model BIT imposed a five-year local-remedies clause, discouraging investors
Government entities accounted for over 40% of arbitral award challenges before the Delhi High Court between 2021 and 2024, reflecting a persistent pattern
Repeated challenges to arbitral awards and slow judicial processes undermine India's credibility as an arbitration hub and weaken investor confidence