NIMISH CHANDULAL SHAH vs CENTRAL DEPOSITORY SERVICES INDIA LTD

Neeta Sawant CARBP--293-2024-ANUGRAHA.docx IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO.293 OF 2024 Nimish Chandulal Shah and Ors. …..PETITIONERS : VERSUS : Central Depository Services (India) Ltd. ….RESPONDENT Mr. Karl Tamboly with Mr. Reehan Ajmerwalla, Mr. Ravinchandra Hegde, Ms. Parinaz Bharucha, Mr. Kandarp Trivedi with Ms.Janani Sivaraman i/b M/s. RHP Partners for the Petitioners. Mr. Rohan Kadam with Ms. Varuna Bhanrale, Ms. Shourya Bari, Kaazvin Kapadia and Ms. Ananya Sinha i/b M/s. Trilegal for the Respondent. CORAM : SANDEEP V. MARNE, J. 2025. SAWANT 2025.12.23 20:26:24 +0530 JUDG. PRON. ON: 23 DECEMBER 2025. JUDGMENT: 1) By this Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (Arbitration Act), Petitioners have challenged the Award dated 29 April 2024 passed by the three-member Arbitral Tribunal constituted by the Central Depository Services India Ltd (CDSL). By the impugned Award, the Arbitral Tribunal has rejected ___________________________________________________________________________________ PAGE NO. 1 of 41 23 DECEMBER 2025 Neeta Sawant CARBP--293-2024-ANUGRAHA.docx