1. Cruz City 1 Mauritius Holdings (hereafter ‘Cruz City’), a company
established under the laws of Mauritius, has filed the present petition for
enforcement of a foreign award dated 06.07.2012 (hereafter ‘the Award’).
The Award was rendered by an Arbitral Tribunal constituted under the
Arbitration Rules of the London Court of International Arbitration
pursuant to a request for arbitration filed by Cruz City with the London
Court of International Arbitration (LCIA) in respect of disputes arising out
Ex.P. 132/2014 Page 1 of 73
of an agreement captioned as Keepwell Agreement dated 06.06.2008
(hereafter ‘the Keepwell Agreement’). The Keepwell Agreement was
entered into between Cruz City, Burley Holdings Ltd. (hereafter ‘Burley’),
a wholly owned subsidiary of Unitech Ltd., incorporated under the laws of
Mauritius, and Unitech Ltd. (hereafter ‘Unitech’), a public company
incorporated in India.
Source: Indian Kanoon