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    <title>2003 (10) TMI 400 - HIGH COURT OF BOMBAY</title>
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    <description>Exchange bye-laws can preserve arbitration for transactions entered into before a trading member is declared a defaulter, and that pre-default claims remain maintainable despite the defaulter regime; the arbitrator&#039;s proceeds may still be dealt with under the applicable recovery framework. A court exercising power under section 34(4) may remit an award to the tribunal to consider an omitted material issue, but that power is limited to curing the defect and does not extend to imposing a deposit of the entire award amount. Such a condition would exceed the remit under section 34(4) and risk prejudging the unresolved defence.</description>
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      <title>2003 (10) TMI 400 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=109441</link>
      <description>Exchange bye-laws can preserve arbitration for transactions entered into before a trading member is declared a defaulter, and that pre-default claims remain maintainable despite the defaulter regime; the arbitrator&#039;s proceeds may still be dealt with under the applicable recovery framework. A court exercising power under section 34(4) may remit an award to the tribunal to consider an omitted material issue, but that power is limited to curing the defect and does not extend to imposing a deposit of the entire award amount. Such a condition would exceed the remit under section 34(4) and risk prejudging the unresolved defence.</description>
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      <pubDate>Fri, 17 Oct 2003 00:00:00 +0530</pubDate>
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