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2017 Supreme(Del) 1362

VALMIKI J.MEHTA
Angel Broking Ltd. – Appellant
Versus
Sharda Kapur – Respondent


Advocates Appeared:
For the Appellant : Mr. Devmani Bansal, Ms. Jagriti Ahuja
For the Respondent: Mr. M.C. Dhingra, Ms. Priya Puri

JUDGMENT :

Valmiki J. Mehta, J.

1. (i) These are two appeals filed against the same judgment of the court below dated 6.5.2016.

(ii) FAO No. 435/2016 is filed by M/s Angel Broking Ltd., respondent in the proceedings under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as ‘the Act’) in the court below, and which was also the respondent in the arbitration proceedings. This FAO No. 435/2016 is filed impugning the judgment dated 6.5.2016 of the court below which while dismissing the objections filed by Ms. Sharda Kapur under Section 34 of the Act, (the respondent in FAO No.435/2016) seeking relief of the return of the shares, however granted interest at the rate of 18% per annum with annual rest w.e.f 31.8.2012 till realization on the principal amount of Rs.21,70,143/- and which relief was not granted by the Arbitration Award. The court below has also awarded compensation of Rs.5 lacs to the respondent Ms. Sharda Kapur, and which relief is also a relief which was not granted by the Award.

(iii) FAO No.492/2016 is filed by Ms. Sharda Kapur, the objector in the court below under Section 34 of the Act. Objections under Section 34 of the Act were filed pleadi








































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