High Court Sets Aside Arbitral Award in Arbitration Petition Under Section 34 of Arbitration and Conciliation Act, 1996 Due to Lack of Counterclaim. The award was found patently illegal as it granted compensation to an investor who had not filed any claim or counterclaim, based on a misconception from conciliation proceedings.
17 Mar 2026The dispute arose from a stockbroker's operational error in handling a Margin Trading Facility account for an investor, leading to the auction of shar...
