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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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Bombay High Court Adjudicates Petitions Challenging Mumbai Port Trust's Summary Eviction Notices Under Bye-law No.9. Petitioners Sought Declaration That Bye-law No.9 Ultra Vires Public Premises Act and Violated Natural Justice.

In a batch of writ petitions, occupants of structures at Reay Road, Mazgaon, Mumbai, challenged eviction notices issued by the Mumbai Port Trust on 06...

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High Court of Bombay Examines Challenge to Arbitral Award Directing Payment of Rs.9,28,188.45 with Interest. The petition under Section 34 of the Arbitration and Conciliation Act, 1996 arises from a member-client dispute over stock market transactions and margin shortfalls.

The petitioner filed an Arbitration Petition under Section 34 of the Arbitration and Conciliation Act, 1996 before the High Court of Judicature at Bom...

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Bombay High Court Dismisses Arbitration Petition for Lack of Jurisdiction in Stock Broker Dispute. Seat of Arbitration Determined by NSEIL Byelaws, Not by Agreement Clause.

The petitioner, Kantilal Chhaganlal Securities Private Limited, a stock broker, challenged an arbitral award dated 29 April 2010 passed by a panel of ...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Trading Dispute — No Grounds for Interference Under Section 34 of Arbitration and Conciliation Act, 1996. Arbitrator's Findings on Contract Notes and Liability Upheld as Not Patently Illegal.

The petitioner, Kalyansinh K. Kumpavat, filed an arbitration petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an a...

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Bombay High Court Sets Aside Arbitral Award for Violation of Mandatory Time Limit Under NSEIL Byelaws. Award passed beyond six-month period without extension provision is illegal and liable to be quashed under Section 34 of the Arbitration and Conciliation Act, 1996.

The Petitioner, a constituent, challenged an arbitral award dated 19 September 2009 passed by a panel of Arbitrators appointed under the Byelaws, Rule...

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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 Dismisses Petition Challenging Arbitral Award in NIFTY Trade Dispute. Court upholds arbitral tribunal's finding that petitioners failed to prove unauthorized trade and that credit note was accepted without objection.

The petitioners, Intex Financial Services Pvt. Ltd. and its director Dinesh Mehta, filed a petition under Section 34 of the Arbitration and Conciliati...