(iii) FAO No.492/2016 is filed by Ms. Sharda Kapur, the objector in
the court below under Section 34 of the Act. Objections under Section
34 of the Act were filed pleading that the Arbitration Award should not
have granted the monetary amount but instead the Arbitration Tribunal
by the Award should have directed return of the shares which were
illegally traded and sold by the broking firm M/s Angel Broking Ltd.
2. The crux of the disputes between the parties was the
allegation of Ms. Sharda Kapur that her broking firm M/s Angel
FAO Nos. 435/2016 & 492/2016 Page 2 of 12
Broking Ltd. did various trades in future and option segment in the
market without her consent and knowledge, and therefore, M/s Angel
Broking Ltd. was bound to return the shares which were illegally
traded in the future and option segment of the market.
Source: Indian Kanoon