https://www.taxtmi.com/caselaws?id=109319 Stock exchange bye-laws with statutory force may validly provide an appellate remedy alongside the Arbitration and Conciliation Act, 1996, because the Act applies to such statutory arbitrations only so far as it is not inconsistent with the governing rules. A challenge directed at the appellate award was therefore not barred on the limitation objection premised on a direct section 34 attack on the original award. The award was also vulnerable because both the original and appellate awards failed to give reasons for rejecting the adjustment claim, contrary to the mandatory requirement in section 31(3). en-us Fri, 19 Dec 2003 00:00:00 +0530 Sat, 07 Apr 2012 18:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109319 Stock exchange bye-laws with statutory force may validly provide an appellate remedy alongside the Arbitration and Conciliation Act, 1996, because the Act applies to such statutory arbitrations only so far as it is not inconsistent with the governing rules. A challenge directed at the appellate award was therefore not barred on the limitation objection premised on a direct section 34 attack on the original award. The award was also vulnerable because both the original and appellate awards failed to give reasons for rejecting the adjustment claim, contrary to the mandatory requirement in section 31(3). Case-Laws Companies Law Fri, 19 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109319