JUDGMENT

VIPIN SANGHI, J. (ORAL) - The appellant has preferred the present appeal under Section 37 of the Arbitration & Conciliation Act, 1996 to assail the order dated 10.12.2018 passed by the learned Single Judge in O.M.P. No.686/2012 under Section 34 of the Arbitration & Conciliation Act, 1996. The said objection petition had been preferred by the respondent to assail the arbitral award dated 31.01.2011 passed by the Arbitral Tribunal constituted by the National Stock Exchange of India for adjudicating the disputes between the parties, as also the appellate arbitral award dated 30.01.2012 passed by the Appellate Arbitral Tribunal appointed by the said Stock Exchange.

2. The case of the respondent was that in August 2008, he had entered into a contract with the appellant for making investment in shares on behalf of the respondent. The respondent alleged that the contract was a discretionary trading account, and the appellant had to trade in the respondent''s account by following the trade strategies of their own product, where trades are hedged to protect the capital. The respondent claimed that, on that basis, he had invested a sum of Rs.28,82,030.80/- with the appellant. The res