# NIMISH CHANDULAL SHAH vs CENTRAL DEPOSITORY SERVICES INDIA LTD

Court: Bombay High Court
Date: 2025-12-23
Citation: CARBP/293/2024
Petitioner: NIMISH CHANDULAL SHAH
Respondent: CENTRAL DEPOSITORY SERVICES INDIA LTD

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6ImVGd3FPaGFoaDlmSkM1RW9aeU5USWc9PSIsInZhbHVlIjoiRmFMdHNRRUN5TENUMEgwdjA1ajJCY0hDY1ZjWTVqZFFtc2xqdlhEeSs3Z20wTGFIYklwWnpFbTVVZHhxQmhiQWVHb3J2TUdNSGFRK2p6MU92c09aWnc9PSIsIm1hYyI6ImIwZjJiN2UyNTVjNmMwYzEyNDdlNTU5OWM4NjE3NjI5ZmZmMWFkZjE0OGE2ZWI3ZjU4MmQ0OWI1N2M5MzIyZjAiLCJ0YWciOiIifQ==?expires=1782773042&signature=2edd07d2eb2f8fecf176c34b6f036bf985eb936fa07eb9ac8e1ae1e6993686c6)

## Judgment text (excerpt)

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

https://niyam.ai/judgements/high-court/2025/december/nimish-chandulal-shah-vs-central-depository-services-india-ltd