SEBI: STRENGTHEN EFFECTIVENESS AND TRANSPARENCY OF ARBITRAL MECHANISM OF EXCHANGES

Recently, the Indian Stock Market Regulator SEBI has taken some strong measure to strengthen the Arbitration Mechanism available in Stock Exchanges for settlement of disputes vides its circular No. CIR/MRD/DSA/24/2010 of 11/08/2010 & CIR/MRD/DSA /29/2010 of 31/08/2010. It has been decided that every stock exchange shall maintain its own penal of arbitrators as per number […]

DHC upheld the time limit of six months for invoking arbitration in Stock Exchange Disputes

In the recent judgment of Delhi High Court in Ashwani Kumar Mittal V’s Vimla Securities Pvt. Ltd, OMP no. 341/2006, Hon,ble Judge Sh. S.N. Dhingra held that ” It is an undisputed fact that the while applying to National Stock Exchange seeking adjudication of its claims, the petitioner had requested for adjudication of his differences […]

DHC STRUCK DOWN TIME LIMIT OF SIX MONTH FOR INVOKING ARBITRATION IN STOCK EXCHANGE DISPUTES

Arbitration is an alternative dispute resolution mechanism provided by a stock exchange to resolve disputes between the trading members and between trading members & constituents (i.e. clients of trading members), in respect of trades done on the Exchange. This process of resolving a dispute is faster than other means of redressal by civil courts. Arbitration […]