DHWAJA SHARES AND SECURITIES PRIVATE LIMITED vs SUNITA A. KHATOD

Judgment text excerpt

903.ARBP.1424.2019.Final.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1424 OF 2019 Dhwaja Shares And Securities Private Limited ….Petitioner Versus Sunita A. Khatod ....Respondent WITH ARBITRATION PETITION NO.1415 OF 2019 WITH NOTICE OF MOTION NO.2529 OF 2019 IN ARBITRATION PETITION NO.1415 OF 2019 Dhwaja Shares And Securities Private Limited ….Petitioner Versus Krishnadevi G Khatod ....Respondent WITH ARBITRATION PETITION NO.1413 OF 2019 WITH NOTICE OF MOTION NO.2532 OF 2019 IN ARBITRATION PETITION NO.1413 OF 2019 Dhwaja Shares And Securities Private Limited ….Petitioner Versus Dropadidevi Khatod ....Respondent WITH ARBITRATION PETITION NO.1418 OF 2019 Dhwaja Shares And Securities Private Limited ….Petitioner Versus Gopallal B Khatod HUF ....Respondent Mr. Kunal Katariya a/w. Ashmita Goradia & Priyanka Dadpe i/b. Aagam Doshi, Advocates for Petitioner in all Petitions. Mr. Mayank Bagla a/w. Mr. Swapan Samdani & Ms Siddhi Bhutada i/b. Swapan Samdani, Advocates for Respondent in all Digitally Petitions. signed by AARTI AARTI GAJANAN GAJANAN PALKAR PALKAR Date: Page 1 of 19 2025.08.08 19:27:04 +0530 JULY 22, 2025 Aarti Palkar 903.ARBP.1424.2019.Final.doc CORAM: SOMASEKHAR SUNDARESAN, J. DATE : JULY 22, 2025 ORAL JUDGEMENT: Context and Factual Background: 1. This is a bunch of Petitions under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”) challenging a set of arbitral awards (for purposes of this judgement, “ Impugned Award”) passed at the second and appellate stage under the statutory arbitration conducted pursuant to the National Stock Exchange of India’s ( “NSE”) Bye-Laws. The Petitions are filed by multiple members of the same family that had engaged the same stock broker. 2. By consent