Beyond Section 9: The Unexplored Remedy of Section 47, Civil Procedure Code for the Losing Party in Arbitration
by K.P. Pramodh Kumar*, Ramaswamy Meyyappan** and Fasila Saleem***
Section 34 Arbitration
Investor Protected: Bombay High Court holds Depository liable for broker’s misuse of Power of Attorney in fraudulent share transfers
“This is not a one-off case of failure on the part of BRH as Depository Participant but involved 9493 of its clients having credit balance of securities in their demat accounts.”
[Section 34 of Arbitration Act] A well-reasoned arbitral award cannot be interfered with: Delhi High Court
The Arbitral Tribunal is a creature of Contract, and the Contract is the only basis on which the Learned Tribunal should adjudicate, apart from the general provisions of law and jurisprudence.