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M/S MOTILAL OSWAL SECURITIES LTD v. SUJATA RAMACHANDRA JOSHI

Supreme Court of India | Diary 10250/2017

Status

ROP - of Main Case

Decided On

26-08-2021

Bench

HON'BLE MR. JUSTICE SANJAY KISHAN KAUL and HON'BLE MR. JUSTICE HRISHIKESH ROY

Petitioner

M/S MOTILAL OSWAL SECURITIES LTD

Respondent

SUJATA RAMACHANDRA JOSHI

Primary Holding

Judicial intervention in arbitral awards is severely circumscribed; where concurrent findings of multiple forums have upheld an arbitral award, appellate courts will decline to act as an additional forum of scrutiny.

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Full Judgment Text

1 ITEM NO.4 Court 6 (Video Conferencing) SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court Of Judicature At Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) WITH SLP(C) No. 17104/2017 (IX) Date : 26-08-2021 These petitions were called on for hearing today. CORAM : HON'BLE MR. JUSTICE SANJAY KISHAN KAUL HON'BLE MR. JUSTICE HRISHIKESH ROY For Petitioner(s) Dr. K.P. Kylasanatha Pillay, Sr. Adv. Mr. K. Gireesh Kumar, Adv. Mr. Linto K.B., Adv. Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR Mr. Ankit Parhar, Adv. Mr. Aditya Thyagarajan, Adv. Ms. Rashi Srivastava, Adv. UPON hearing the counsel the Court made the following O R D E R Heard learned counsel for the parties. We are not inclined to interfere with the five concurrent findings in case of an arbitration and will not be persuaded by learned senior counsel for the petitioner to make us into a 6 th forum of scrutiny of an arbitral award!

2 The special leave petitions are, accordingly, dismissed. [CHARANJEET KAUR] [POONAM VAID] ASTT. REGISTRAR-cum-PS COURT MASTER (NSH)

ITEM NO.8 Court 6 (Video Conferencing) SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No.15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No.491/2011 passed by the High Court of Judicature at Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (IA No.39957/2017 - EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) WITH SLP(C) No. 17104/2017 (IX) (IA No. 52520/2017 - EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 17-08-2021 These matters were called on for hearing today. CORAM : HON'BLE MR. JUSTICE SANJAY KISHAN KAUL HON'BLE MR. JUSTICE HRISHIKESH ROY For Petitioner(s) Mr. K. Gireesh Kumar, Adv. Mr. Shine Shasidharan, Adv. Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR Mr. Ankit Parhar, Adv. Mr. Aditya Thyagarajan, Adv. Ms. Rashi Shrivastava, Adv. UPON hearing the counsel the Court made the following O R D E R Applications seeking exemption from filing C/C of the impugned judgments are allowed. An adjournment slip has been circulated by learned counsel for the petitioner. We find that a case of an arbitration matter where the 1

appellant has been unsuccessful in getting the award set aside before two forums, the appeal is pending consideration for the last four years. Last opportunity is granted to the petitioner to make their submissions on the next date and a short synopsis running into not more than two pages each be filed taking into consideration the limited scope of Court’s intervention in arbitration proceedings. Needful be done within a week. List on 26 th August, 2021. [RASHMI DHYANI] [POONAM VAID] COURT MASTER COURT MASTER 2

ITEM NO.39 COURT NO.5 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No. 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court of Judicature at Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (With IA No.39957/2017 - FOR EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) WITH SLP(C) No. 17104/2017 (IX) (With IA 52520/2017 - FOR EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 16-04-2019 This petition was called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE VINEET SARAN For Petitioner(s) Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR UPON hearing the counsel the Court made the following O R D E R List the matter on 20 th August, 2019. (NIDHI AHUJA) (RENU DIWAN) COURT MASTER (SH) ASSISTANT REGISTRAR

ITEM NO.58 COURT NO.5 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No. 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court of Judicature at Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order.) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 08-02-2019 These petitions were called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE VINEET SARAN For Petitioner(s) Dr. Kylasnath Pillai, Adv. Mr. K. Gireesh Kumar, Adv. Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR Mr. Ankit Parhar, Adv. Ms. Swastika Chakravarti, Adv. Ms. Mitali Daryani, Adv. UPON hearing the counsel the Court made the following O R D E R List the petitions on 06 th of March, 2019. (NIDHI AHUJA) (SANTOSH KUMAR) COURT MASTER (SH) COURT MASTER (NSH)

ITEM NO.803 COURT NO.7 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court Of Judicature At Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order.) Date : 04-12-2018 This petition was orally MENTIONED today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE M.R. SHAH For Petitioner(s) Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR UPON being MENTIONED the Court made the following O R D E R List after Christmas Holidays. (R. NATARAJAN) (TAPAN KUMAR CHAKRABORTY) COURT MASTER (SH) ASSISTANT REGISTRAR Note: This matter is listed for hearing tomorrow i.e. 05.12.2018 as Item No.5

ITEM NO.40 COURT NO.9 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court Of Judicature At Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment/order) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 07-09-2018 These petitions were called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MS. JUSTICE INDU MALHOTRA For Petitioner(s) Dr. Kylasnath Pillai, Sr. Adv. Mr. K. Gireesh Kumar, Adv. Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR Mr. Ankit Parhar, Adv. UPON hearing the counsel the Court made the following O R D E R List on Wednesday, the 5 th December, 2018. (R. NATARAJAN) (TAPAN KUMAR CHAKRABORTY) COURT MASTER (SH) BRANCH OFFICER

ITEM NO.37           REGISTRAR COURT. 2              SECTION IX                S U P R E M E  C O U R T  O F  I N D I A                        RECORD OF PROCEEDINGS                      BEFORE THE REGISTRAR MR. SANJAY PARIHAR Petition(s) for Special Leave to Appeal (C)  No(s).  15106/2017 M/S MOTILAL OSWAL SECURITIES LTD                   Petitioner(s)                                 VERSUS RAMCHANDRA G. JOSHI                                Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017­exemption from filing  c/c of the impugned Judgment / order. Matter seems to be similar with Diary no. 10250/2017) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017­EXEMPTION FROM FILING  C/C OF THE IMPUGNED JUDGMENT)   Date : 16­04­2018 This petition was called on for hearing today. For Petitioner(s)                     Ms. Usha Nandini. V, AOR                     For Respondent(s)   Mr.Avirat Kumar,Adv.                     Mr. Punit Dutt Tyagi, AOR                                UPON hearing the counsel the Court made the following                              O R D E R SLP(C) No. 15106/2017 Sole respondent has already filed the counter affidavit.  Hence, list the matter before the Hon’ble Court as per rules.                                                 SANJAY PARIHAR                                                      Registrar SB

ITEM NO.8 REGISTRAR COURT. 2 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS BEFORE THE REGISTRAR MR. SANJAY PARIHAR Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order. Matter seems to be similar with Diary no. 10250/2017) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 22-02-2018 This petition was called on for hearing today. For Petitioner(s) Ms. Usha Nandini. V, AOR For Respondent(s) Mr.Avirat Kumar,Adv. Mr. Punit Dutt Tyagi, AOR UPON hearing the counsel the Court made the following O R D E R SLP(C) No.15106/2017 Four weeks time as last chance is given to the sole respondent to file the counter affidavit. List the matter again on 16.04.2018. SANJAY PARIHAR Registrar SB

ITEM NO.9 REGISTRAR COURT. 2 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS BEFORE THE REGISTRAR MR. SANJAY PARIHAR Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order. Matter seems to be similar with Diary no. 10250/2017) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 09-01-2018 This petition was called on for hearing today. For Petitioner(s) Ms. Usha Nandini. V, AOR For Respondent(s) Mr. Punit Dutt Tyagi, AOR UPON hearing the counsel the Court made the following O R D E R SLP(C) No. 15106/2017 The sole respondent shall be at liberty to file the counter affidavit within a period of four weeks. List the matter again on 22.02.2018. SANJAY PARIHAR Registrar SB

ITEM NO.6 COURT NO.12 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court of Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order. Matter seems to be similar with Diary no. 10250/2017) WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 25-08-2017 These matters were called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE SANJAY KISHAN KAUL For Petitioner(s) Mr. Shyam Divan, Sr.Adv. Mr. K. Gireesh Kumar, Adv. Ms. Usha Nandini. V, AOR For Respondent(s) UPON hearing the counsel the Court made the following O R D E R Issue notice on the special leave petitions as also on the prayer for interim relief. (USHA RANI BHARDWAJ) (SAROJ KUMARI GAUR) AR CUM PS BRANCH OFFICER

ITEM NO.6 COURT NO.13 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in APP No. 491/2011 passed by the High Court Of Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment/order. WITH SLP(C) No. 17104/2017 (IX) (FOR ADMISSION and I.R. and IA No.52520/2017-EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT) Date : 11-08-2017 These matters were called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE SANJAY KISHAN KAUL For Petitioner(s) Mr. Shyam Divan, Sr. Adv. Mr. K. Gireesh Kumar, Adv. Ms. Usha Nandini. V, AOR For Respondent(s) UPON hearing the counsel the Court made the following O R D E R List after one week. Liberty is granted to file additional documents in the meantime. (R. NATARAJAN) (SAROJ KUMARI GAUR) COURT MASTER COURT MASTER

ITEM NO.18 COURT NO.13 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s).15106/2017 (Arising out of impugned final judgment and order dated 06-02-2017 in Appeal No.491/2011 passed by the High Court of Judicature at Bombay) M/S MOTILAL OSWAL SECURITIES LTD Petitioner(s) VERSUS RAMCHANDRA G. JOSHI Respondent(s) (FOR ADMISSION and I.R. and IA No.39957/2017-exemption from filing c/c of the impugned Judgment / order. Matter seems to be similar with Diary no. 10250/2017) Date : 03-07-2017 This petition was called on for hearing today. CORAM : HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN HON'BLE MR. JUSTICE SANJAY KISHAN KAUL For Petitioner(s) Ms.Usha Nandini. V, AOR For Respondent(s) UPON hearing the counsel the Court made the following O R D E R The matter is adjourned by one week. (USHA RANI BHARDWAJ) (SAROJ KUMARI GAUR) AR CUM PS BRANCH OFFICER

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