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Considering the petition seeking directions for the Union Government to cancel existing licenses/permissions and to stop the grant of new licenses to Indian companies, the Court stated that the self-imposed restraint on Courts entering into areas of foreign policy is grounded in sound rationale which has been applied across time.
Tribunal found that COSIS’ Request was compatible with its judicial functions, as it was called upon to clarify and provide guidance concerning the specific obligations of State Parties to the Convention by interpreting and applying the provisions of UNCLOS particularly Part XII.
“It is trite that the international treaty obligations are required to be followed strictly and any deviation therefrom would have adverse effects including downgrading of the business interests of country in the international community.”