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Supreme Court Sets Aside High Court Order Directing Release of Funds in Fraud Case, Restores Magistrate's Decision to Withhold Sale Proceeds Pending Investigation. High Court Exceeded Section 482 CrPC Jurisdiction by Making Findings on Merits During Ongoing Investigation.

The appellant, NDA Securities Ltd., filed a criminal appeal against the order of the High Court of Delhi dated 25.02.2025, which allowed a petition un...

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Bombay High Court Dismisses PIL Seeking Policy for Section 351 Notices Under MCGM Act as Moot Due to Prior Challenge by BSE. The court held that the petitioner lacked locus standi and the issues were already pending before a Single Bench in a related writ petition.

The petitioner, Dr. V. Aditya Srinivas, an office bearer of BSE Brokers' Forum, filed a Public Interest Litigation (PIL) in the Bombay High Court seek...

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Bombay High Court Dismisses Preliminary Objection on Jurisdiction in Arbitration Petition. Exclusive Jurisdiction Clause in Member-Client Agreement Conferring Jurisdiction on Mumbai Courts is Valid and Binding.

The petitioner, SPS Share Brokers Private Limited, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arb...

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Bombay High Court Partially Allows Arbitration Petition Challenging Rejection of Counterclaim on Limitation Grounds. Court holds that limitation for counterclaim in arbitration under BSE Byelaws runs from date of filing of claim, not from accrual of cause of action.

The Petitioner, Hansraj Sohanlal Gouthi, HUF, through its Karta Ravi Gouthi, challenged an arbitral award dated 13 July 2009 passed by the Arbitral Tr...

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High Court of Bombay Dismisses Broker's Challenge to Arbitral Award in Client Dispute Over Delay Paying Charges. Unilateral Charging of 2% Daily Interest Without Specific Agreement or Proof of Loss Held Unconscionable and Not Enforceable Under Section 34 of Arbitration and Conciliation Act, 1996.

The case involves a dispute between Sharekhan Limited, a trading member/broker of the Bombay Stock Exchange (BSE), and Nita Thakkar, a client. The bro...

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Bombay High Court Allows Appeal Against Rejection of Section 34 Petition by City Civil Court, Holding City Civil Court is Not a 'Court' Under Section 2(1)(e) of Arbitration Act. The Court set aside the order and remanded the matter for fresh consideration by the proper court.

The appellant, a share broker, purchased 100 shares of Odyssey Technology Limited on behalf of a client. The shares were sent for registration but onl...