ADR ON DISPUTE BETWEEN A CLIENT AND TRADING MEMBER AT THE LEADING STOCK EXCHANGE IN INDIA: A CASE STUDY

This case is an appeal matter with the Leading Stock Exchange of India Ltd (LSE) regard to a dispute between client and trading member LSE. The Appellant contended that award passed by arbitrator had not taken into account evidence, documents rules stock exchange properly while determining award. challenged Award on grounds was beyond scope submissions arbitration, non-application mind, ignorance established judicial principles. Appellate Member has determine whether there been any lapses part arbitration in applying procedures analyzing matter, passing Based that, Arbitral Tribunal decide set aside sole arbitrator, modify or uphold it. findings conclusions provide inputs for development appropriate regulatory framework Futures Market. However, results may be generalized only emerging markets environment. Hence, researchers are suggested study margin guidelines futures market, appreciate dynamics market apply same their future research abroad.