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Supreme Court of India

Ac Chokshi Share Broker Private Limited v. Jatin Pratap Desai & Anr.

Neutral citation
Reported as [2025] 2 S.C.R. 1545
Bench Pamidighantam Sri Narasimha and Sandeep Mehta JJ.
Decided 10 February 2025

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.

2 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the above reasons, we answer the two issues that we set out in the beginning in the following manner: i.

Judgment, page 24

From the headnote

Issue for Consideration If a wife owes a stock market debt, can the registered stock broker invoke arbitration against her husband under BSE Bye-Laws, 1957 and hold him jointly and severally liable for debt based on an oral agreement. Headnotes† Arbitration – On husband’s oral instructions the registered stock broker transferred former’s credit balance to wife’s account to offset her losses – 2001 market crash – Debit balance in wife’s account increased exponentially – Stock broker invoked arbitration under BSE bye-laws to recover the amount – Arbitral Award held wife and husband jointly and

Authorities it was built on

Where later benches applied it

Of those, 1 referred to · 1 mentioned

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