Bombay High Court Examines Challenge to Arbitral Award Reducing Brokerage Firm's Liability by 50% Under Section 34 of Arbitration Act; Tribunal's Arbitrary Reduction of Award Despite Finding Trades Authorized Draws Scrutiny. Court Finds Tribunal's Approach of Halving Award Contradicts Its Own Findings on Authorized Trades and Regulatory Compliance....
The Bombay High Court examined four petitions under Section 34 of the Arbitration and Conciliation Act, 1996, filed by Dhwaja Shares and Securities Private Limited, a stock broker, challenging arbitra...
