My company is based in NJ, USA and entered into a contract here with an Indian company with a branch office in the USA. The contract was not honored by the Indian company branch and so I won a Judgment against them.
However, before I start collecting on the Judgment, the Indian company closed business in the USA. Since it is a publicly traded company in India, it has assets in India and i'm looking to collect my judgment in India.
1> Can the US Judgment be enforced in India? I read something about a non-reciprocity clause.
2> If the non-reciprocity clause applies, do I need to file a fresh lawsuit again?
3> If I have to initiate a new lawsuit in India, how long does it take usually and how much it would cost?It would help if you can detail the process.
4> How can I use the US Judgment to expedite the indian lawsuit?
Your expertise and advise is very much appreciated. Many Thanks!!