https://www.taxtmi.com/caselaws?id=256488 The court held that only parties to the arbitration agreement, as defined under Section 2(1)(h) of the Arbitration and Conciliation Act, 1996, can file a petition under Section 34. As the petitioners were not parties to the arbitration agreement, their petition to challenge the arbitral award was dismissed for lack of locus standi. The court emphasized that the rights of members in a cooperative society are subservient to the society's decisions, and only those directly involved in the arbitration agreement can avail of remedies under the Act. The petition was deemed not maintainable, and no costs were awarded. en-us Mon, 08 Dec 2014 00:00:00 +0530 Wed, 15 Jul 2015 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256488 The court held that only parties to the arbitration agreement, as defined under Section 2(1)(h) of the Arbitration and Conciliation Act, 1996, can file a petition under Section 34. As the petitioners were not parties to the arbitration agreement, their petition to challenge the arbitral award was dismissed for lack of locus standi. The court emphasized that the rights of members in a cooperative society are subservient to the society's decisions, and only those directly involved in the arbitration agreement can avail of remedies under the Act. The petition was deemed not maintainable, and no costs were awarded. Case-Laws Indian Laws Mon, 08 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256488