Shruti Surendra More vs Ms Akme Properties

Case Significance

Shruti Surendra More vs Ms Akme Properties is a Bombay High Court decision dated March 6, 2026 (citation: ik-48646821). An arbitration petition under Section 34 challenged an award that denied corpus fund/hardship compensation and monthly displacement compensation to flat owners in a redevelopment project. The Court found the Arbitrator committed patent illegality by disregarding binding contractual terms, and severed the bad part of the award while retaining the good part following the Gayatri Balasamy Constitution Bench ruling. The claim for corpus fund/hardship compensation was allowed on par with other soc The case was heard by Justice Sharmila U. Deshmukh. Counsel appearing: Anoshak Daver (counsel for petitioner), Dhaval Shethia (counsel for petitioner), Nimish Achreka (counsel for petitioner), Sachin Masurkar (counsel for petitioner).