https://www.taxtmi.com/caselaws?id=459842 Bombay HC dismissed appellant's arbitration petition under Section 34 of Arbitration and Conciliation Act, 1996 regarding return of shares. Court held that amended Bye-law 252(2) by Stock Exchange, Mumbai made Limitation Act, 1963 applicable from 29th August 1998, abrogating appellant's earlier right to file claims without limitation period under Section 2(4). Since appellant filed statement of claim on 1st July 2002, beyond three-year limitation period from 29th August 1998, the claim was time-barred. HC found no infirmity in arbitral tribunal's award or single judge's decision, dismissing appeal as devoid of merit. en-us Tue, 04 May 2021 00:00:00 +0530 Tue, 31 Dec 2024 23:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459842 Bombay HC dismissed appellant's arbitration petition under Section 34 of Arbitration and Conciliation Act, 1996 regarding return of shares. Court held that amended Bye-law 252(2) by Stock Exchange, Mumbai made Limitation Act, 1963 applicable from 29th August 1998, abrogating appellant's earlier right to file claims without limitation period under Section 2(4). Since appellant filed statement of claim on 1st July 2002, beyond three-year limitation period from 29th August 1998, the claim was time-barred. HC found no infirmity in arbitral tribunal's award or single judge's decision, dismissing appeal as devoid of merit. Case-Laws Indian Laws Tue, 04 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459842