https://www.taxtmi.com/caselaws?id=777696 Repeated post-transaction confirmations, acceptance of the ledger balance without protest, and only a belated objection were treated as strong indicators that the trades were not to be regarded as unauthorised merely because pre-trade authorisation was disputed. The arbitral award was found to have ignored vital material and to be cryptic and perverse, so the Section 34 court was within its jurisdiction in setting aside the majority award. On further appeal, no basis was shown to disturb that conclusion, and interference with the order setting aside the award was declined. en-us Mon, 25 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777696 Repeated post-transaction confirmations, acceptance of the ledger balance without protest, and only a belated objection were treated as strong indicators that the trades were not to be regarded as unauthorised merely because pre-trade authorisation was disputed. The arbitral award was found to have ignored vital material and to be cryptic and perverse, so the Section 34 court was within its jurisdiction in setting aside the majority award. On further appeal, no basis was shown to disturb that conclusion, and interference with the order setting aside the award was declined. Case-Laws Indian Laws Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777696