arbp1434-10 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1434 OF 2010 Motilal Oswal Securities Ltd. ....Petitioner V/s. Uttam Chand Garg ....Respondent Mr.S.Y. Amare for the Petitioner. None for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 3RD MAY, 2011. P.C. :- 1. The petitioner’s claim has been rejected. The petition is filed under section 34 of the Arbitration and Conciliation Act, 1996, challenging the award. The amount lying under the DEMAT account is only about Rs. 2.00 to 3.00 lacs. The petitioner’s claim is in excess of Rs.20.00 lacs. However, there is nothing to indicate that the respondent intends to or will deal with the DEMAT account with a view to defeating the petitioner’s claim. 2. The petition is therefore, dismissed.