Bombay High Court Heard Appeal in Arbitration and Conciliation Act, 1996 on Joint Liability of Husband for Wife's Share Trading Debit Balance. The court examined whether separate client accounts under Regulation 247A of the Bombay Stock Exchange Bye-laws precluded the broker from claiming joint and several liability against the appellant for the debit balance of his wife's separate trading account absent a tripartite agreement.
29 Apr 2021The dispute arose out of a share trading relationship between a stock broker and two of its constituents, who were husband and wife, each maintaining ...




