Ac Chokshi Share Broker Private Limited vs Jatin Pratap Desai

The Supreme Court examined whether a husband could be made a party to an arbitration concerning his wife's stock trading account. The arbitral tribunal held both respondents jointly liable for the debit balance, but the High Court's division bench set aside the award against the husband. The Supreme Court, upon review, allowed the appeal and set aside the order that excluded the husband from liability, emphasizing the legal principles governing party inclusion in arbitration proceedings. The judgment clarifies the scope of arbitration law regarding third-party involvement and liability.