Sharekhan Limited vs Monita Kisan Khade

ik-13343694 Bombay High Court 24 December 2025 • 35 min read

Judges (1)

Counsel (9)

J. Sagar Associates Firm Legasis Partners Firm Anshuman Sugla Counsel Petitioner Chirag Dave Counsel Respondent Juan D'souza Counsel Petitioner Kunal Katariya Counsel Petitioner Pulkit Sukhramani Counsel Petitioner Samreen Fatima Counsel Petitioner Shubham Kalbere Counsel Respondent

Parties (3)

Sharekhan Limited Petitioner Kisan Rajaram Khade Respondent Monita Kisan Khade Respondent

Case Significance

Sharekhan Limited vs Monita Kisan Khade is a Bombay High Court decision dated December 24, 2025 (citation: ik-13343694). Sharekhan Limited challenged arbitral awards that directed it to pay damages to its clients for alleged negligence in maintaining pre-trade confirmations for stock trading on their behalf. The Court set aside the IGRC order, the sole Arbitrator's award, and the Appellate Arbitral Tribunal's award, finding that the respondents had made no attempt to prove actual loss suffered and the arbitral tribunals had awarded damages without any evidentiary basis for the claimed losses. The case was heard by Justice Sandeep V. Marne.

Summary

Sharekhan Limited challenged arbitral awards that directed it to pay damages to its clients for alleged negligence in maintaining pre-trade confirmations for stock trading on their behalf. The Court set aside the IGRC order, the sole Arbitrator's award, and the Appellate Arbitral Tribunal's award, finding that the respondents had made no attempt to prove actual loss suffered and the arbitral tribunals had awarded damages without any evidentiary basis for the claimed losses.

What was the outcome of Sharekhan Limited vs Monita Kisan Khade?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-13343694)