ABB India Limited vs Sunil Hariram Jaisingh

Judgment text excerpt

Judgement-CARBP(L)-32954-2024 -.docx IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION CHAITANYA IN ITS COMMERCIAL DIVISION ASHOK JADHAV Digitally signed by CHAITANYA COMMERCIAL ARBITRATION PETITION (L) NO. 32954 OF 2024 ASHOK JADHAV Date: 2026.06.09 WITH 14:47:54 +0530 INTERIM APPLICATION (L) NO. 37483 OF 2024 ABB India Limited …Petitioner Versus Sunil Hariram Jaisingh And Ors. …Respondents Mr. Nand Kishore i/b S L Partners, Advocate for Petitioner. Mr. Prakash Shah, Senior Advocate a/w. Mr. Rushin Kapadia, Rinku Valanju, Hemant Dharap & Hiral Shah i/b. R V Legal, Advocates for Respondent No.1. CORAM: SOMASEKHAR SUNDARESAN, J. RESERVED ON: MARCH 17, 2026 PRONOUNCED ON: JUNE 9, 2026 Judgement : Context and Factual Background: 1. This is a Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”), challenging an Arbitral Award dated August 6, 2024 (“Impugned Award”). Page 1 of 34 June 9, 2026 Chaitanya Judgement-CARBP(L)-32954-2024 -.docx 2. The Petitioner, ABB India Limited (“ABB”) has been directed in the Impugned Award, to reinstate shareholding of the Respondent, Sunil Hariram Jaisingh (“Jaisingh”) to the extent of 1,550 shares of ABB and 310 shares of Hitachi Energy India Ltd (“Hitachi”) (which had emerged as ABB Power Products & Systems Ltd. pursuant to demerger of an undertaking), within a period of 15 days. Failing such restoration, monetary compensation equivalent to the market value of such shares as of the date of uploading the Impugned Award is to be paid by ABB to Jaisingh. 3. The Impugned Award has been passed by a three-member Arbitral Tribunal appointed by an independent online arbitral institution that facilitates and administers online dispute resolution (“ODR”), empanelled with the BSE Limite