Bombay High Court Dismisses Section 37 Appeal Against Arbitral Award in Stock Transaction Dispute — No Perversity or Wednesbury Unreasonableness Found. The Court held that a new argument not raised before the arbitrator or in Section 34 proceedings cannot be raised for the first time in a Section 37 appeal....
The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by SATCO Capital Markets Ltd. against Rahul H Bajaj. The dispute arose from stock transactions between...
