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Bombay High Court Dismisses Petitioner's Section 34 Petition as Time-Barred Under Section 34(3) of Arbitration and Conciliation Act, 1996 — Petitioner Failed to Prove Non-Service of Arbitral Award Sent by Registered Post.

The petitioner, Jasvinder Kaur, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dated 9...

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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 Sets Aside Arbitration Award Against Guarantors in Cooperative Bank Dispute — Guarantors Not Liable for Enhanced Credit Facility Without Their Consent. Guarantor Liability Cannot Be Extended Beyond Original Guarantee Under Section 34 of Arbitration and Conciliation Act, 1996.

The judgment concerns two arbitration petitions filed under Section 34 of the Arbitration and Conciliation Act, 1996, challenging a common undated arb...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Pipeline Construction Dispute. Court upholds arbitrator's findings on breach of contract and quantum of damages, rejecting challenge under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioner, Mahanagar Gas Ltd., challenged an arbitral award dated 5th March 2010 passed by a sole arbitrator under Section 34 of the Arbitration ...

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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.

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...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Stock Brokerage Dispute — Upholds Award for Squaring Off Due to Margin Default. Member-Client Agreement and Electronic Contract Notes Establish Liability for Margin Shortfall Under Byelaws of Stock Exchange.

The petitioner, Sizarali M. Dodhia, a constituent of the respondent, Angel Capital & Debt Market Ltd., entered into a member-client agreement on 21 Au...

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Bombay High Court Dismisses Petition Challenging Arbitral Tribunal's Interim Order on Limitation of Counterclaim in NSE Arbitration. Court holds that interim orders on limitation are not amenable to challenge under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, India Infoline, a registered trading member of the National Stock Exchange of India Ltd. (NSE), entered into an agreement with the res...

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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.

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...