https://www.taxtmi.com/caselaws?id=278778 Reasoned arbitral and appellate awards were upheld because they recorded reasons and satisfied Section 31(3) of the Arbitration and Conciliation Act, 1996 and the applicable exchange bye-law. The counterclaim was sustained on contract notes and settlement documents, with the findings treated as factual and no perversity shown. The Court held that the exchange bye-laws were statutory and binding in their field of operation, so the challenge based on Sections 124 and 125 of the Indian Contract Act, 1872 failed. TDS certificates were held not to amount to acknowledgment of liability, and the petitioner's unsupported brokerage claim was rightly rejected. en-us Tue, 09 Oct 2012 00:00:00 +0530 Wed, 20 Feb 2019 12:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278778 Reasoned arbitral and appellate awards were upheld because they recorded reasons and satisfied Section 31(3) of the Arbitration and Conciliation Act, 1996 and the applicable exchange bye-law. The counterclaim was sustained on contract notes and settlement documents, with the findings treated as factual and no perversity shown. The Court held that the exchange bye-laws were statutory and binding in their field of operation, so the challenge based on Sections 124 and 125 of the Indian Contract Act, 1872 failed. TDS certificates were held not to amount to acknowledgment of liability, and the petitioner's unsupported brokerage claim was rightly rejected. Case-Laws Indian Laws Tue, 09 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278778