A Report on Applicabillity of Law of Limitation to Arbitration at Stock Exchanges in India

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The report deals with the applicability of law of limitation to the arbitration mechinism of the stock exchanges in India. Section 9 of the SCRA Act empowers the stock exchanges to make bye-laws “the method and procedure for settlement of claims or disputes, including settlement by arbitration”. If such bye-laws also provide the limitation of six month for reference to arbitration, then whether the same is hit by law of limitation or not. Whether the bye-laws 3 of the chapter XI of the NSE Bye-Laws prescribing limitation of six month for reference of dispute / claim to arbitration is valid or not.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Neeraj Aarora, Cyber Lawyer, Forensic Examiner & International Arbitrator | Attorney Advertising

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