SHAREKHAN LIMITED vs MONITA KISAN KHADE

Judgment text excerpt

Neeta Sawant ARBITRATION PETITION NO.532 OF 2024 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.532 OF 2024 Sharekhan Limited ....Petitioner .Versus. Monita Kisan Khade ....Respondent WITH INTERIM APPLICATION (L) NO.24723 OF 2023 IN ARBITRATION PETITION NO.532 OF 2024 Sharekhan Limited ....Applicant IN THE MATTER BETWEEN Sharekhan Limited ....Petitioner .Versus. Monita Kisan Khade ....Respondent WITH ARBITRATION PETITION NO.557 OF 2024 Sharekhan Limited ....Petitioner .Versus. Kisan Rajaram Khade ....Respondent WITH INTERIM APPLICATION (L) NO.24714 OF 2023 IN ARBITRATION PETITION NO.557 OF 2024 Sharekhan Limited ....Applicant IN THE MATTER BETWEEN Sharekhan Limited ....Petitioner _____________________________________________________________________________ PAGE NO. 1 of 26 24 DECEMBER 2025 Neeta Sawant ARBITRATION PETITION NO.532 OF 2024 Versus. Kisan Rajaram Khade ....Respondent Mr. Kunal Katariya with Mr. Pulkit Sukhramani, Mr. Anshuman Sugla, Ms. Samreen Fatima & Mr. Juan D'souza i/b M/s. J. Sagar Associates, for the Petitioner. Mr. Chirag Dave with Mr. Shubham Kalbere i/b M/s. Legasis Partners, for the Respondent. Digitally signed by CORAM : SANDEEP V. MARNE, J. NEETA NEETA SHAILESH SHAILESH SAWANT SAWANT Date: Judg. Resd. On : 16 DECEMBER 2025. 2025.12.24 20:12:12 +0530 Judg. Pron. On : 24 DECEMBER 2025. JUDGMENT : 1) This is yet another case of investors seeking to recover from stockbroker losses incurred in trades executed by their trusted person taking advantage of the stockbroker’s failure to maintain pre and post trade confirmations. Can stockbroker be made liable to bear the losses incurred by a client in trades in respect of which the stockbroker has failed to follow regulatory Circular issued by Securi