Supreme Court · 2025 INSC 174 · Decided 10 February 2025
Ac Chokshi Share Broker Private Limited v. Jatin Pratap Desai & ANR.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 174 · [2025] 2 S.C.R. 1545
- Case number
- CIVIL APPEAL No. 2227/2025
- Decided
- 10 February 2025
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, SANDEEP MEHTA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 37, 34
Headnote
If a wife owes a stock market debt, can the registered stock broker invoke arbitration against her husband under BSE Bye-Laws, 1957 and hold him jointly and severally liable for debt based on an oral agreement. Arbitration - the registered stock broker transferred former's credit balance to wife's account to offset her losses - 2001 market crash - Debit balance in wife's account increased exponentially - Stock broker invoked arbitration under BSE bye-laws to recover the
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