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Bombay High Court says “the arbitral findings are so irrational that no fair-minded or reasonable person would have recorded them” — Court sets aside brokerage dispute awards in favour of Sharekhan Limited for violating Section 28(3) and ignoring material evidence
Court's decision The Bombay High Court allowed the Petition under Section 34 of the Arbitration and Conciliation Act, setting aside both the arbitral award and the appellate arbitral award arising…
