HCG STOCK & SHARE BROKERS LTD. vs GAGGAR SURESH

The Supreme Court upheld the decision of the Bombay High Court affirming the Arbitral Tribunal's ruling that the appellant's claim was barred by limitation under the Bye-laws of the National Stock Exchange of India Limited. The Court clarified that the limitation period began when the last transaction occurred on 1.7.1999, and the appellant's complaint filed on 21.3.2003 was beyond the prescribed six-month period for disputes. Consequently, the Court dismissed the appeals, reinforcing the importance of adhering to limitation periods in arbitration matters.