JUDGMENT :

(Prayer: Petition filed under Section 34 of Arbitration and Conciliation Act, 1996 to set aside the award of the Panel of Appellate Arbitrators Appeal Arbitration Matter (A.M) No.CM/C-0001/2015 dated 03-11-2015 to the extent the said award denies 50% value of lost shares of the petitioner an cost of the proceedings throughout and pass such further or other orders as this Hon'ble Court may deem fit and proper in the facts and circumstances of the case.)

1. Captioned 'Original Petition' ('OP' for the sake of brevity) is an application under Section 34 of 'The Arbitration and Conciliation Act, 1996 (Act No.26 of 1996)', which shall hereinafter be referred to as 'A and C Act' for the sake of brevity. To be noted, in terms of short forms OP in plural shall be referred to as 'OPs'.

2. A question regarding territorial jurisdiction arises in captioned OP.

3. Owing to territorial jurisdiction issue, in terms of factual setting, it will suffice to say that the lis is between a depository participant and client qua NSE. To be noted, NSE and other short forms / abbreviations used in previous proceedings made in the earlier listings (extracted and reproduced elsewhere infra in this orde