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Bombay High Court Sets Aside Arbitral Award for Violation of Natural Justice in NSEIL Dispute. Arbitrator Failed to Offer Hearing Despite Claim Exceeding Rs.25,000, Breaching Rule 5.10 of NSEIL Trading Regulations.

The petitioner, Milaan C. Jhaveri, challenged an arbitral award dated 20 April 2009 passed by a sole arbitrator under Section 34 of the Arbitration an...