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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute — No Interference Under Section 34 of Arbitration and Conciliation Act, 1996 as Award Not Found to be Patently Illegal or Perverse.

The petitioner, Sunil Keshav Rane, challenged an arbitral award dated 28 April 2009 passed by an arbitrator under the Byelaws, Rules and Regulations o...

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Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute — Violation of NSEIL Rules Renders Award Contrary to Public Policy. Trading Member's Squaring Off of Defaulting Client's Position Upheld as Permissible Under Bye-Laws, Award of Damages for Loss of Higher Price Set Aside.

The petitioner, M/s. Ventura Securities Limited, a trading member of the National Stock Exchange of India Ltd. (NSEIL), challenged an arbitral award d...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Broker-Client Dispute. Court Upholds Award Directing Payment of Rs.1,58,39,459.87 but Refuses Interest and Costs Under Section 34 of Arbitration & Conciliation Act, 1996.

The appellant, Harinarayan Bajaj, entered into various share transactions on the Bombay Stock Exchange (BSE) through the respondent, Madhukar Sheth, w...

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High Court of Bombay Considers Appeal in Securities Broker-Client Trading Dispute Under Section 37 of Arbitration and Conciliation Act, 1996. Single Judge's Decision Setting Aside Majority Award and Confirming Dissenting Award Challenged by Investor Client.

Background: The appeal under Section 37 of the Arbitration and Conciliation Act, 1996 arose from a dispute between an investor who opened a demat and ...

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Bombay High Court Examines Section 34 Petitions Challenging Conflicting Stock Exchange Arbitral Awards. Court Focuses on Whether Same Arbitrator's Contradictory Findings on Identical Facts Vitiated Awards Under Arbitration and Conciliation Act, 1996.

Three petitions under Section 34 of the Arbitration and Conciliation Act, 1996 were heard together by the High Court of Judicature at Bombay, challeng...