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Supreme Court Dismisses Cooperative Society's Appeals Challenging Sale Deeds Executed in Favor of Members. Arbitrator under Delhi Cooperative Societies Act lacks jurisdiction to adjudicate validity of registered sale deeds, which can only be challenged before civil court.

The Supreme Court dismissed the appeals filed by Delhi Dayalbagh Cooperative House Building Society Ltd. against the orders of the Delhi High Court, w...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute Over Unreturned Shares. Concurrent findings of arbitral tribunals that stock broker failed to return client's shares and dividends upheld under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioner, Manoj Javeri Stock Broking Pvt. Ltd., a member of the Bombay Stock Exchange, challenged an arbitral award and appellate award dated 17...

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Bombay High Court Upholds Demolition of Unauthorized Terrace Construction in Cooperative Housing Society. Lease of Terrace by Member Without Society's Consent Invalid Under Maharashtra Cooperative Societies Act, 1960.

The judgment concerns two writ petitions arising from a dispute between N. Jethani (petitioner in WP 5476/1990) and Shri Shivaji Cooperative Housing S...

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Bombay High Court Dismisses Petition Challenging Cooperative Court Orders in Property Dispute Between Member and Housing Society. Member's claim for plot allotment fails as cancellation by NIT and subsequent sale to third party upheld due to member's failure to construct within stipulated time.

The petitioner, a member of the respondent Nagpur Cooperative Housing Society Ltd., was allotted plot No.122 by the Society, which had obtained 13 plo...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Trading Dispute — No Grounds Under Section 34 of Arbitration Act Established. Court upholds award holding petitioner liable for unauthorized trades and failure to prove respondent's instructions.

The petitioner, Sytematix Shares & Stocks (India) Ltd., a stockbroker, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996...

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Bombay High Court Allows Writ Petition Challenging Civil Court's Dismissal of Suit on Ground of Arbitration Clause Under Stock Exchange Bye-laws. Transaction Not Through Stock Exchange Member, Hence Civil Court Has Jurisdiction to Entertain Recovery Suit.

The petitioners, M/s. Prashant Commercial, filed a suit for recovery of Rs. 23 lakhs against the respondent, Rajratan R. Mohta, claiming that the amou...