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High Court

High Court Sets Aside Arbitral Award in Arbitration Petition Under Section 34 of Arbitration and Conciliation Act, 1996 Due to Lack of Counterclaim. The award was found patently illegal as it granted compensation to an investor who had not filed any claim or counterclaim, based on a misconception from conciliation proceedings.

17 Mar 2026

The dispute arose from a stockbroker's operational error in handling a Margin Trading Facility account for an investor, leading to the auction of shar...

High Court

High Court of Judicature at Bombay hears section 34 petition challenging arbitral award; outcome not specified. The petition challenged an appellate arbitral award that had affirmed an earlier primary award, under the Arbitration and Conciliation Act, 1996.

9 Jun 2025

The petitioner, Jagadeesa G. Chary, filed Arbitration Petition No. 410 of 2014 under Section 34 of the Arbitration and Conciliation Act, 1996 before t...

High Court

Bombay High Court Dismisses Writ Petition Challenging Unconditional Stay of Arbitral Award Due to Stamp Duty Deficiency. Arbitration Agreement in Unstamped Member Client Agreement Held Void Ab Initio Under Maharashtra Stamp Act, 1958.

29 Nov 2023

The petitioner, M/s. Anand Rathi Share & Stock Brokers Ltd., challenged an order passed by the District Judge-1, Amravati, which granted unconditional...

High Court

Bombay High Court Hears Suit for Redemption of Pledged Securities After Loan Default; Plaintiffs Abandoned Main Claim of Transfer Agreement. Pledge Agreement Clause 14(ii) Notice and Default by Pledgor Form Core of Dispute Over Shares of Sesa Sterlite.

5 Jan 2018

The suit was filed by Harinarayan G. Bajaj and others against Reliance Capital Limited and Sesa Sterlite Limited. Plaintiffs borrowed a total of Rs.10...

High Court

Bombay High Court Dismisses Challenge to Arbitral Award in Stock Broker Dispute — Upholds Award of Damages for Unauthorized Share Transactions. Court holds that arbitral tribunal's findings on unauthorized trades and liability of broker are not patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.

30 Jul 2013

The petitioner, Kotak Securities Limited, a registered stock broker, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996 c...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute — No Interference Under Section 34 of Arbitration Act as Award is Not Perverse or Contrary to Public Policy. Court upholds arbitral tribunal's concurrent findings rejecting both claim and counterclaim for lack of evidence.

18 Sep 2012

The petitioner, Ventura Securities Ltd., a member of the National Stock Exchange of India Ltd. (NSEIL) and Bombay Stock Exchange Limited (BSEL), was a...

High Court

Bombay High Court Dismisses Challenge to Arbitral Award in Stock Broker Dispute Under Section 34 of Arbitration and Conciliation Act, 1996. Court Upholds Award as Not Suffering from Patent Illegality or Being Against Public Policy, Refusing to Reappreciate Evidence.

31 Aug 2012

The petitioner, Angel Capital & Debt Market Limited, a stock broker, challenged an arbitral award dated 16 May 2009 under Section 34 of the Arbitratio...

High Court

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.

7 Mar 2012

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...

High Court

Bombay High Court Dismisses Petition Challenging Arbitration Award in Stock Broker Dispute — Upholds Award for Losses Due to Unauthorized Squaring Off of Positions. The court held that the arbitral award was based on evidence and reasoning, and no ground for interference under Section 34 of the Arbitration and Conciliation Act, 1996 was made out.

5 Mar 2012

The case involves a challenge by HSBC InvestDirect Securities (India) Ltd. (formerly IL & FS Investsmart Securities Ltd.), a stock broker registered w...

High Court

Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute for Lack of Reasons and Non-Consideration of Margin Requirements. Award under Section 34 of Arbitration and Conciliation Act, 1996 set aside as Arbitrator failed to consider deposit and margin obligations of client.

27 Feb 2012

The Petitioner, Anand Rathi Share and Stock Brokers Ltd., a share and stock broker and member of NSE, challenged an arbitral award dated 15 October 20...

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