IN THE HIGH COURT OF MADHYA PRADESH

AT INDORE

BEFORE

HON'BLE SHRI JUSTICE ALOK AWASTHI

MISC. PETITION No. 2986 of 2025

M/S INDO THAI SECURITIES LTD THROUGH ITS AUTHORIZED

REPRESENTATIVE HEMANT AGRAWAL

Versus

MR. GAJENDRA MOHNIYA

Appearance:

Shri Chiranjeev Saboo, Advocate for the petitioner.

Heard on : 05.12.2025

Pronounced on : 19.12.2025

ORDER petitioner as broker for facilitating its stock market trading and commodity. The respondent incurred losses while trading at MCX and failed to settle the same due to which dispute arose between the parties, which was referred to MCX Arbitration, Mumbai in terms of the bye-laws of MCX and SEBI Rules and Shri Dinesh Kumar Bishnoi, Panel Arbitrator of MCX Arbitration, Mumbai was appointed to adjudicate the dispute between the parties. The Arbitrator vide its arbitral award dated 18.08.2023 decided the dispute in favour of the petitioner. The said award was challenged by the respondent by filing a petition before the Commercial Court, Indore under Section 34 of the Arbitration and Conciliation Act, 1996 (in short "the Act of 1996") which was registered as MJC-AV/118/2023. Vide order dated 03.09.2024, the Commercial Court, Indore dismissed the said applica