# SHAREKHAN LTD. vs ARJAV JAGANNATH CHAKRAVARTI AND 2 ORS.

Court: Bombay High Court
Date: 2025-09-16
Citation: ARBP/335/2017
Petitioner: SHAREKHAN LTD.
Respondent: ARJAV JAGANNATH CHAKRAVARTI AND 2 ORS.

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IjJKYThtcSs5ekgvSW1XZEZtVUVFRkE9PSIsInZhbHVlIjoiQWRnbWgyVVYvY1JkTGtDelZ3NUl6RU83SEFxd0Z1Nmd0MkNGakVvdGhPWHlNN1J2Y1V0aXhFSVpPTitjNTNadWlnMnd4L01NeVZkNFN4L0hQZDZSRUE9PSIsIm1hYyI6IjhiOTI0OTJiYmU4MDkxZTdlYTZiODViNDY1ZmIzNjNiYjEyYjBmZDJhYzQwMmU5MDJiZDc0ZDEzNjJhODU0ZDUiLCJ0YWciOiIifQ==?expires=1782775030&signature=1b94b9be79816594c57f120a15993fab2da93f08a1ff6de5e4e95a0fce02d085)

## Judgment text (excerpt)

ARBP-456-2017-J-F.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 456 OF 2017 Sharekhan Ltd. …Petitioners Versus Arjav Jagannath Chakravarti & Ors. …Respondents 2017. Mr. Zubin Beheramkamdin, Senior Advocate a/w. Mr. Rohit Gupta, Aneesha Munshi and Garita Joshi i/b Divya Shah and Associates, for Arjav Jagannath Respondents in ARBP-335-2017 and ARBP-456-2017 and for Petitioner No. 1 in ARBP-336-2017. CORAM : SOMASEKHAR SUNDARESAN, J. DATE : September 16, 2025 Oral Judgement: September 16, 2025 Shraddha ARBP-456-2017-J-F.doc Context and Factual Background: 1. These three Petitions challenge different arbitral awards, which are products of contemporaneous arbitration proceedings conducted across three stock exchanges – the National Stock Exchange (“ NSE”), the Bombay Stock Exchange (“BSE”) and the Multi Commodity Exchange of India (“MCX”). The MCX, earlier a commodities derivatives exchange, at all times relevant to the proceedings, had become a stock exchange in the eyes of law. 2. At each of these stock exchanges, the disputes were subjected to two rounds of arbitration – one at the hands of the arbitral tribunal of the fir

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