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Head Note

The Arbitration and Conciliation Act, 1996  - Section 19

Single Claim of member of stock exchange against non member and another member - Stock exchange providing different bye laws for arbitration between members and non members - Held, Joint claim against member and non member can be entertained through common arbitration - As exchange has permitted the same.

The Arbitration and Conciliation Act, 1996  - Section 34

Objections - Court does not sit in appeal over award of arbitral tribunal by reassessing or re-appreciating evidence - Award can be challenged only under grounds mentioned in section 34(2) - In absence of any ground it is not possible to reexamine facts to find out whether a different decision can be arrived at.

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