JUDGMENT :

R. SUBRAMANIAN, J.

Prayer: Original Side Appeal (CAD) filed under Section 13 of the Commercial Courts Act, 2015 read with Section 37 of the Arbitration and Conciliation Act, 1996 read with Order XXXVI Rule 9 of the Original Side Rules, to set aside the fair and decretal dated 01.10.2020 made in OP No. 681 of 2012.

1. This Appeal under Section 37 of the Arbitration and Conciliation Act is at the instance of the respondent in Arbitration OP No. 681 of 2012. The dispute essentially emanates out of trading in shares carried out by the appellant on behalf of the 1st respondent and the same was referred to the Arbitration Tribunal constituted by the National Stock Exchange of India Limited.

2. The claimant/1st respondent herein made a claim for a sum of Rs. 6,60,20,018/- with 24% interest from December 2009 till March 2011. The essence of the claim which is necessary for the disposal of this Appeal is as follows:

3. The appellant is a stock broker registered with the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The respondent entered into a Member Constituent Agreement with the appellant on 15.03.2000, in and by which, they agreed to trade in list