Bombay High Court Allows Petition Challenging Arbitral Award Under Section 34 of Arbitration and Conciliation Act, 1996 — Arbitrator Lacked Jurisdiction to Convert Recovery Certificate into Award Under Multi-State Cooperative Societies Act, 2002. The court set aside the award as the arbitrator had no power to treat a Recovery Certificate obtained under the Maharashtra Cooperative Societies Act, 1960 as an arbitral award.
29 Mar 2012The petitioners, including Mrs. Aruna V. Balsekar and others, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996 challeng...
