The Supreme Court has refused to interfere with the Delhi High Court's July 1, 2026 judgment, allowing enforcement in India of a €9.71 million International Chamber of Commerce (ICC) arbitral award in favour of Spain based travel technology company Amadeus IT Group S.A. against Ebix Cash Limited.

A bench of Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana dismissed Ebix Technologies' Special Leave Petition.

"Having heard learned senior counsel for the petitioner as well as learned senior counsel for respondent No.1, who is on Caveat, we see no ground to interfere with the impugned judgment dated 01.07.2026 passed by the High Court of Delhi. The Special Leave Petition is, accordingly, dismissed.", the Court said.

The case arose when Amadeus and Ebix Cash had entered into a Global Distribution Agreement on October 1, 2019 under which Amadeus agreed to provide access to its travel distribution platform in the Asia Pacific region and paid an advance incentive of about USD 15 million.

Ebix Cash was required to acquire Yatra Online and achieve specified airline booking targets. After alleging failure to meet these conditions, Amadeus terminated the agreement and commenced ICC arbitration. In February 2022, the tribunal awarded Amadeus over €13.26 million, with the outstanding amount in India standing at €9.71 million after recoveries in the US.

Before the Delhi high court, Ebix Cash argued that the enforcement petition was time barred and that the underlying transaction amounted to factoring, making enforcement contrary to Indian public policy.

Justice Jasmeet Singh of the High Court rejected both objections, holding that limitation accrued when the signed award was communicated by the ICC Secretariat, rather than automatically on the date of the award.

The High Court further held that the transaction was a commercial arrangement not a factoring transaction, as it did not involve assignment of receivables, and therefore did not violate the fundamental policy of Indian law.

For Petitioner: Mukul Rohatgi, Sr. Advocates, Advocates Siddharth Sharma- 3586, AOR, Harsh Sethi, Sanjay, Anant Nigam, Sukhpreet Maan, Ishika Chauhan, Shobhit Sharma

For Respondent: Neeraj Kishan Kaul, Sr. Advocate, Advocates Anuj Berry, Anusha Ramesh, Amber Tickoo, Trilegal Advocates On Record

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Case Title :  EBIX TECHNOLOGIES LIMITED VS. AMADEUS IT GROUP S.A. (SPAIN)Case Number :  DIARY NO. - 47784/2026
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