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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...

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Bombay High Court Upholds Arbitral Award in Stock Trading Dispute — Rejects Challenge Under Section 34 of Arbitration Act for Lack of Patent Illegality. Counterclaim Dismissal Upheld as Reasoned and Within Arbitral Tribunal's Discretion.

The petitioner, M/s. Indiabulls Securities Ltd., a trading member of the National Stock Exchange (NSE), challenged an arbitral award under Section 34 ...

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Bombay High Court Partially Allows Arbitration Petition Challenging Rejection of Counterclaim on Limitation Grounds. Court holds that limitation for counterclaim in arbitration under BSE Byelaws runs from date of filing of claim, not from accrual of cause of action.

The Petitioner, Hansraj Sohanlal Gouthi, HUF, through its Karta Ravi Gouthi, challenged an arbitral award dated 13 July 2009 passed by the Arbitral Tr...

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Bombay High Court Allows Section 11 Petition for Appointment of Arbitrator in Construction Contract Dispute. Work Order Containing Arbitration Clause Constitutes Valid Arbitration Agreement Between Contractor and Property Owner.

The petitioner, M/s. Shilpi Constructions Engineers & Contractors, filed a petition under Section 11 of the Arbitration and Conciliation Act, 1996, se...

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Bombay High Court Dismisses Petition Seeking Release from Investor Protection Fund Due to Client Code Mismatch. Claim Rejected as Contract Notes Did Not Match Trade Files of Stock Exchange.

The petitioner, Saurin T. Parikh, proprietor of Shah Investment, filed a writ petition seeking to set aside an order dated 25th May 2005 passed by the...

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Bombay High Court Grants Interim Relief to MMRDA in Metro Fare Dispute Under Section 9 of Arbitration Act. Court restrains Mumbai Metro One from revising fares higher than government-notified rates pending arbitration.

The Bombay High Court was hearing an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996, filed by the Mumbai Metropoli...