Search Results for "Arbitration petition"

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Bombay High Court Dismisses Petitions Challenging Arbitral Awards in Stock Broking Disputes — Upholds Awards for Payment of Outstanding Dues with Interest. Claims of Bogus Trading and Unauthorized Transactions Remain Unproved Due to Lack of Evidence and Failure to Pursue Counterclaims.

The judgment concerns two arbitration petitions filed by Ms. Deepika Vijay Nihalani and Vijay Roopkumar Nihalani against INA Stock Broking Co. Pvt. Lt...

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Bombay High Court Dismisses Petition to Set Aside Arbitral Award in Revenue Sharing Dispute. Court upholds award granting 7% revenue share and costs, finding no patent illegality or perversity in arbitrator's interpretation of contract clauses.

The petitioner, Taj Air Ltd. (formerly Megapode Airlines Ltd.), filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, seeki...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Stockbroker Dispute, Upholds Limitation and Maintainability. The Court held that the claim was within limitation due to acknowledgement of debt and that the arbitration application was maintainable despite directors' disqualification.

The Appellant, Kaynet Finance Limited, a member-broker at the National Stock Exchange of India, was appointed by the Respondent, Verona Capital Limite...

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Madras High Court Allows Appeal in MSMED Act Arbitration Challenge — Pre-Deposit Must Include Interest. Section 19 of MSMED Act mandates 75% deposit of entire award amount, including compound interest, and Single Judge's order restricting deposit to principal was erroneous.

The case involves an appeal by M/s.Unicon Engineers, the respondent in an arbitration petition, against an order of a learned Single Judge of the Madr...

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act Against Interim Order in IPL Franchise Dispute. Court finds no misrepresentation in bid process and upholds arbitrator's order granting interim measures while imposing conditions on franchisee to protect BCCI's interests.

Background: The dispute arose from the Indian Premier League (IPL) franchise agreement between the Board of Control for Cricket in India (BCCI) and Ja...