ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before the arbitral forum.

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....Writ jurisdiction over regulatory ODR arbitration is confined to cases of demonstrable lack of authority, breach of the governing framework, or a patent jurisdictional defect; allocation to an ODR institution empanelled by a particular stock exchange does not alone establish invalidity. Allocation depends on the participant's listing status, relevant exchanges, the grievance, and portal-based allocation. Mandatory participation after unsuccessful conciliation does not create jurisdiction where the framework excludes the dispute, nor does it waive sustainable objections. Limitation, locus, maintainability, prior proceedings, res judicata, abuse of process, arbitrability and substantive entitlement remain for the arbitral forum. The petition was dismissed, requiring participation and applicable fees without prejudice to objections.....