Bombay High Court Allows Petition Under Section 34 of Arbitration Act Against Arbitral Award Dismissing Dispute Over Forfeiture of Shares by Cooperative Bank. Arbitrator's Award Set Aside for Being Perverse and Contrary to Law as Bank's Action of Forfeiting Shares Without Following Procedure Under Multi-State Cooperative Societies Act, 2002 and Bye-Laws Was Illegal.
3 May 2013The petitioner, Dr. Dalvi Ali Abdul Quadar, was a member and director of M/s Ratna Drugs Ltd., which had obtained a loan from the respondent, Kokan Me...




