M/S TRUSTLINE SECURITIES LIMITED vs HANISH SINGLA

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 24.11.2025 Judgment pronounced on: 18.12.2025 + FAO (COMM) 204/2024 M/S TRUSTLINE SECURITIES LIMITED .....Appellant Through: Mr. Ashish Mohan, Senior Advocate with Mr. Hemant Manjani, Advocate. versus HANISH SINGLA .....Respondent Through: Mr. Alok Sinha, Mr. Aakash Saini and Ms. Deepansha Saini, Advocates with Mr. Pinkush Singla, son of Respondent in Person. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR J. 1. The present appeal is preferred under Section 13(1A) of the Commercial Courts Act, 2015 read with Section 37 of the Arbitration and Conciliation Act, 19961 impugning the Judgment dated 06.06.20242 in the O.M.P. (Comm) No. 106/2019 passed by the learned District Judge (Commercial Court)-02, New Delhi District, Patiala House Courts, New Delhi3. 1 The Act 2 Impugned Judgement 3 Learned District Judge Signature Not Verified Digitally Signed By:HARVINDER KAUR FAO (COMM) 204/2024 Page 1 of 24 BHATIA Signing Date:20.12.2025 14:22:26 2. By the Impugned Judgment, the learned District Judge allowed the Respondent’s petition filed under Section 34 of the Act. As a result, the Appellate Arbitral Award dated 08.02.2019, passed by the Appellate Arbitral Panel of the National Stock Exchange4, was set aside, and the original Arbitration Award dated 25.09.2018 stood restored. BRIEF FACTS: 3. The Appellant herein is in business of trading in stock market and is a Trading Member of NSE and was registered with Securities and Exchange Board of India5. 4. The Respondent herein opened a trading account with the Appellant on 14.12.2007, bearing client code UCC–43H8, after completion of the requisite KYC formalities. It is stated that vario