Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Exchange Dispute — Arbitrator's Refusal to Entertain Counterclaim Upheld as Within Jurisdiction. The court held that the arbitrator's decision to refrain from adjudicating the counterclaim regarding surplus in NSE capital market was within his jurisdiction and did not warrant interference under Section 34 of the Arbitration and Conciliation Act, 1996.
8 Mar 2013The petitioner, Uttam Chand Garg, challenged an arbitral award dated 16th March 2009 passed by a sole arbitrator under the byelaws of the National Sto...
