Satnam Singh Ahuja And 4 Ors vs Karvy Financial Services Ltd.
Judges (1)
Counsel (5)
Case Significance
Satnam Singh Ahuja And 4 Ors vs Karvy Financial Services Ltd. is a Bombay High Court decision dated March 5, 2026 (citation: ik-139771377). Five connected Section 34 petitions challenged arbitral awards passed by an arbitrator unilaterally appointed by Karvy Financial Services Ltd. Applying the Supreme Court's decision in Bhadra International, the Court held that the vice of unilateral appointment is not curable by uncontested participation in arbitration proceedings. All five petitions were allowed and the impugned awards were set aside. The case was heard by Justice Somasekhar Sundaresan. Counsel appearing: Aseem Naphade (counsel for respondent), Prabhakar M. Jadhav (counsel for petitioner), Rohan Savant (counsel for petitioner), Vilasini Balsubramaniyam (counsel for petitioner).
Summary
Five connected Section 34 petitions challenged arbitral awards passed by an arbitrator unilaterally appointed by Karvy Financial Services Ltd. Applying the Supreme Court's decision in Bhadra International, the Court held that the vice of unilateral appointment is not curable by uncontested participation in arbitration proceedings. All five petitions were allowed and the impugned awards were set aside.
What was the outcome of Satnam Singh Ahuja And 4 Ors vs Karvy Financial Services Ltd.?
Five connected Section 34 petitions challenged arbitral awards passed by an arbitrator unilaterally appointed by Karvy Financial Services Ltd. Applying the Supreme Court's decision in Bhadra Internati...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-139771377)