Welcome to the March 2026 edition of our quarterly Arbitration Newsletter, where we delve into significant judgments that touch upon the interpretation of the relevant provisions of the Arbitration and Conciliation Act, 1996 (the “Arbitration Act”) and its interplay with other statues.
Nagaraj V. Mylandla v. PI Opportunities Fund-I & Ors., 2026 INSC 298, Supreme Court of India
In this judgment, the Supreme Court expressly recognised the doctrine of transnational issue estoppel while deciding objections to enforcement under Section 48 of the Arbitration Act. The Court dismissed the special leave petitions filed by the promoters of Financial Software and Systems Private Limited (“FSSPL”) and upheld the Madras High Court’s order enforcing a Singapore‑seated SIAC award as a decree.