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Rupesh Mohanty (Sr Manager)     06 August 2012

Nse arbitration

Seek you advice on  remedy against NSE Arbitration case:

In spite of strong case I have lost the case though detail papers awaited. Please tell me what remedy (sppedy and reliable can I take to get due justice as I am not in favour of Appeal in NSE as I  doubt the integrety of process and Arbitrarors.

Main Highlight of my case:

1. Trading in derivative segment with out my permission even if I had not applied in derivative segment (Not in KYC nor in welcome letter send by Broker)

2.Forge signatures in 17 places in KYC document.

3. Bank verification letter has been fraudelently manufactured by Broker and Bank has already confirm the fraud.

4.Complain to Qulality Cell telephonically with in 7 working days as soon as I notice the the trade.

5 Most of trades had occured in my absence in city

As expected the NSE Arbitration took 7 months before they disallow my claim and I doubt the integrety of arbitrator as well as NSE as this seems to be eye washer and design to favour Brokers.

 

So Any body can give suggestion for next course of legal action..

 

Regards

Rupesh



Learning

 1 Replies

Rupesh Mohanty (Sr Manager)     06 August 2012

Also, If I will go to court(Distict or High) by mean of section 34 of Arbitration and Reconciliation Act, Should I opt that .?


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