Bombay High Court Commercial Division Considers Section 34 Petition Against Arbitral Award Imposing Liability on Depository for Broker's Actions. The petition challenges the award's finding that CDSL must indemnify investor for breach by its depository participant despite the broker's misuse of power of attorney....
Background: The petition pertains to a challenge under Section 34 of the Arbitration and Conciliation Act, 1996 against an arbitral award that held the Petitioner, Central Depository Services (India) ...




