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 2012The case involves a challenge by HSBC InvestDirect Securities (India) Ltd. (formerly IL & FS Investsmart Securities Ltd.), a stock broker registered w...




