https://www.taxtmi.com/caselaws?id=458386 The Bombay HC upheld an arbitral award rejecting the petitioner's claim of Rs. 82.04 lakhs related to share purchase and sale transactions. The court found that arbitrators correctly relied on electronic contract notes and acknowledgments as evidence of oral instructions. The petitioner's contention that acknowledgments were not authentic was rejected as unsubstantiated. The court confirmed that contract notes sent by courier and received by the petitioner established valid transactions. However, the court set aside the rejection of Rs. 5 lakhs under a separate claim, partially allowing the petition while disposing of the matter. en-us Thu, 26 Jun 2014 00:00:00 +0530 Thu, 24 Oct 2024 19:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458386 The Bombay HC upheld an arbitral award rejecting the petitioner's claim of Rs. 82.04 lakhs related to share purchase and sale transactions. The court found that arbitrators correctly relied on electronic contract notes and acknowledgments as evidence of oral instructions. The petitioner's contention that acknowledgments were not authentic was rejected as unsubstantiated. The court confirmed that contract notes sent by courier and received by the petitioner established valid transactions. However, the court set aside the rejection of Rs. 5 lakhs under a separate claim, partially allowing the petition while disposing of the matter. Case-Laws Indian Laws Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458386