Dealmoney Commodities P Ltd formerly Dealmoney Securities P Ltd vs Vijay Vithal Sawant

Carbpl-1665-2025 & 1700-2025 1. The Petitions filed under Section 34 of The Arbitration and Conciliation Act, 1996 (for short Arbitration Act) challenge the Award dated 9th October, 2024 passed by the Appellate Panel of Arbitrators constituted under the Bye-laws of National Stock Exchange of India Limited. 2. The Respondent in these Petitions are husband and wife who had invoked arbitration seeking to recoup losses from the Petitioners on account of unauthorised/fraudulent transactions, which was allowed by the Learned Sole Arbitrator vide Award dated 7 th May, 2024. In Appeal by Amol/SQ Pathan 2/23 Carbpl-1665-2025 & 1700-2025 the present Petitioners before the Appellate Panel of Arbitrators, the Award dated 7th May, 2024 was upheld with modification granting prevalent rate of the scrips/portfolio as on the date of the Award of Learned Sole Arbitrator dated 7th May, 2024. 3. The facts are identical in both Petitions. Identical issues are raised in both the Petitions and common submissions were advanced. With consent, the Petitions were taken up for final hearing and are disposed of by this common judgment. For factual clarity, the parties have referred to the pleadings in case of