Kambli 1 Arbp981.09 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.981 OF 2009 ... Maliram Makharia Investment Company Pvt.Ltd. ...Petitioners v/s. L & T Finance Ltd. ...Respondent ... Mr.Rahul Chitnis i/b RKM Legal Services for the Petitioners. Mr.Birendra Saraf with Ms.Shruti Maniar i/b Soloman & Co. for the Respondent. ... CORAM: D.K.DESHMUKH, J. DATED: 21st April, 2011 P.C.: 1. It is common ground that not a single share owned by the Petitioners was ever sold by the Respondent. The shares that were sold did not belong to the Petitioners. The Petitioners, therefore, cannot make any grievance in relation to those shares. So far as shares belonging to the Petitioners are concerned, there is an order made by the Kambli 2 Arbp981.09 arbitral tribunal. The arbitral tribunal has made that order because admittedly there is a litigation pending between the Petitioners and the IDBI & L & T i.e. Respondent. The learned Counsel appearing for the Petitioners submitted that shares should have been returned to him on 29th September, 2009. However, perusal of the statement of claim shows that there is no case made out in the statement of claim that on a particular date the Petitioners became entitled to shares and because of that the Petitioners had suffered any loss. In view of above position, in my opinion, no interference is called for with the award impugned in the petition. Petition is rejected. (D.K.Deshmukh, J.)