Case Law Analysis
|Bombay High Court
Arbitrator Must Enforce NSE Risk Management Rules Over Broker’s Internal Policy | Bombay HC Sets Aside Award for Contractual Interpretation Error in F&O Trading
Bombay High Court holds that arbitrators cannot rely solely on broker’s internal risk management policies if they conflict with NSE regulations. The ruling mandates strict adherence to contractual safety cover rules, setting a precedent for F&O trading disputes where broker actions are challenged as unauthorized.