High Court of Judicature at Bombay Allows Section 9 Petition in Part Recognizing IGRC Order as Conciliation Settlement Under the Arbitration and Conciliation Act, 1996. The Court ruled that the IGRC order, with mutual acknowledgment, constitutes a settlement agreement under Sections 73 and 74 of the Act, and the petitioner must pursue civil remedies against respondents not party to the exchange bye-laws' dispute resolution mechanism.
19 Mar 2021The dispute arose from commodity futures trading where Titan Co. Ltd., a company dealing in watches and jewellery, engaged Karvy Comtrade Ltd., a comm...
