Nirmal Bang Securities Pvt., Ltd., v. Mr.K.Kamalakannan
Case brief
What is this about?
Arb Appeal (MD)No.50 of 2026, Madurai Bench of Madras High Court, decided 05.06.2026 by Justice V.Lakshminarayanan. Nirmal Bang Securities Private Limited v. K.Kamala Kannan. Appeal under Section 37(1)(2)/Section 37 of the Arbitration and Conciliation Act, 1996 challenging confirmation of sole arbitrator's award (NSE-SB-2024-09-251845) arising from alleged unauthorised trading. Disposed of on recorded compromise (all terms except Clause No.7); respondent maintained unauthorised-trading claim but accepted demand draft under Clause 6(3); no costs; connected C.M.P.(MD)Nos.6779 and 6782 of 2026 closed.
What did the court decide?
Appeal disposed of on the terms of compromise recorded (all terms except Clause No.7); terms of compromise form part of the order; no order as to costs; connected miscellaneous petitions C.M.P.(MD)Nos.6779 and 6782 of 2026 closed.