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High Court of Bombay Considers Appeal in Securities Broker-Client Trading Dispute Under Section 37 of Arbitration and Conciliation Act, 1996. Single Judge's Decision Setting Aside Majority Award and Confirming Dissenting Award Challenged by Investor Client.

Background: The appeal under Section 37 of the Arbitration and Conciliation Act, 1996 arose from a dispute between an investor who opened a demat and ...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Appeal Under Section 37 of Arbitration and Conciliation Act, 1996 — Upholds Arbitral Award Holding Stockbroker Liable for Unauthorized Trades by Agent. Broker Failed to Prove Client Authorization for Disputed Trades, Resulting in Compensation of Rs.14,37,200/- to Client.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by IIFL Capital Services Limited (formerly IIFL Secu...