Supreme Court of India
Harinarayan G. Bajaj v. Rajesh Meghani and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the reasons aforesaid we affirm the decision of the High Court and dismiss this appeal with costs.
Judgment, page 13
From the headnote
Securities Contract (Regulation) Act, 1956; Ss. 3(2), 8, 9/National Stock Exchange Rules and Byelaws; Rule 33, Byelaws 1, 1- , 2 and 23 of Chapter XI and Byelaws 19, 26 and 28 of Chapter XII : Trading in shares-Purchaser defaulted in making payment-Broker declared defaulter by National Stock Exchange-Claim-Arbitration Arbitral Tribunal awarded certain amount in favour of defaulter/broker Right of defaulting member/broker in filing claim-Held : .Ex-trading member/defaulter remains party to the arbitration agreement and Bye/aw 1- does not restrict the right of the defaulter to refer the claim
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