https://www.taxtmi.com/caselaws?id=458376 HC allowed the petition and set aside the arbitral award that dismissed the reference as time-barred, holding the Bombay Stock Exchange's amended bye-laws (effective 29-8-1998) do not apply retrospectively to transactions or causes of action arising before that date. The court held the Exchange lacked power to impose retrospective bye-laws absent express statutory authority and that the Limitation Act, 1963 does not operate to impose the new limitation for pre-amendment disputes under those bye-laws. Petitioner may file a fresh reference; time spent in arbitration and in setting aside the award is to be excluded for limitation. en-us Mon, 08 Oct 2001 00:00:00 +0530 Thu, 21 Aug 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458376 HC allowed the petition and set aside the arbitral award that dismissed the reference as time-barred, holding the Bombay Stock Exchange's amended bye-laws (effective 29-8-1998) do not apply retrospectively to transactions or causes of action arising before that date. The court held the Exchange lacked power to impose retrospective bye-laws absent express statutory authority and that the Limitation Act, 1963 does not operate to impose the new limitation for pre-amendment disputes under those bye-laws. Petitioner may file a fresh reference; time spent in arbitration and in setting aside the award is to be excluded for limitation. Case-Laws Indian Laws Mon, 08 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458376