Bombay High Court Dismisses Challenge to Arbitral Award in Co-operative Bank Membership Dispute — Forfeiture of Shares and Membership Upheld as Consequence of Final Award. The court held that the Arbitrator's findings were based on evidence and the Bank's action was a lawful recovery measure under the Multi-State Co-operative Societies Act, 2002, Section 84, and the Arbitration and Conciliation Act, 1996, Section 34.
7 May 2013The Petitioner, Mr. Yusufkhan Fakhrookhan Tadvi, was a member of Respondent No.1-Bank, Konkan Mercantile Co-operative Bank Ltd., and belonged to the T...




