This document contains the Delhi High Court's judgment from 14 January 2020 in the case of M/S First Global Stock Broking Pvt Ltd vs Tarun Gupta. The case revolves around a dispute concerning trading activities in a discretionary account. The judgment details the arguments presented by both parties, the findings of the Arbitral Tribunal and Appellate Tribunal, and the High Court's decision to set aside the previous awards. It is of particular interest to legal professionals involved in arbitration and securities law, as well as investors dealing with stockbroking firms.