Sharekhan Limited vs Kisan Rajarram Khade

ik-59700821 Bombay High Court 24 December 2025 • 35 min read

Judges (1)

Sandeep V. Marne Delivered

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 Kisan Rajarram Khade is a Bombay High Court decision dated December 24, 2025 (citation: ik-59700821). Sharekhan challenged arbitral awards directing it to pay damages to clients for alleged negligent conduct in not maintaining pre-trade confirmations. The court found the awards unsustainable because the respondents made no attempt to lead evidence of actual loss suffered and simply claimed the entire amount of trading losses. The IGRC order and both arbitral awards were set aside under Section 34 of the Arbitration Act. The case was heard by Justice Sandeep V. Marne.

Summary

Sharekhan challenged arbitral awards directing it to pay damages to clients for alleged negligent conduct in not maintaining pre-trade confirmations. The court found the awards unsustainable because the respondents made no attempt to lead evidence of actual loss suffered and simply claimed the entire amount of trading losses. The IGRC order and both arbitral awards were set aside under Section 34 of the Arbitration Act.

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

Sharekhan challenged arbitral awards directing it to pay damages to clients for alleged negligent conduct in not maintaining pre-trade confirmations. The court found the awards unsustainable because t...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-59700821)