Arbitration proceeding filed after 3 yrs of amendment of Bye-laws framed by Stock Exchange was barred by limitation : HC

Company Law : Where cause of action in respect of non-delivery of shares accrued in month of January 1995, appellant ought to have filed arbitral proceedings within three years from date of amendment (29-8-1998) to Article 252 (2) of the Bye-laws framed by the Stock Exchange, Mumbai, inserting provisions of Limitation Act to arbitration proceedings: arbitration proceeding filed in October,2002 was barred by limitation

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