1 Central Depository Services Limited (CDSL), a Company
established under the provisions of the Companies Act, 1956 and
a Depository under Section 12(1-A) of the Securities and
Exchange Board of India Act, 1992 (SEBI Act) and facilitator for
holding securities in a dematerialized form, has preferred the
present Appeal being aggrieved by the Judgment of the learned
Single Judge dated 01/12/2025.
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CDSL approached this Court by filing a Petition under
Section 34 of the Arbitration and Conciliation Act, 1996, seeking
invalidation of the Award dated 30/01/2024 passed by the
Arbitral Tribunal, under which Tribunal allowed the claim filed by
the claimant Daksha Bhavsar, respondent no.1 before us to the
extent of Rs.86,02,768/- and directed it to pay the awarded sum,
being the value of her lost shares on the date of the dispute. In
addition, the Tribunal also awarded simple interest at the rate of
9% p.a. on the awarded sum.
