pvr 1 ap682-09 IN THE HIGH COURT JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.682 OF 2009 Valiaveettil Abraham Johnson ...Petitioner vs. Geojit Financial Services Ltd. ...Respondent --- Mr.Simil Purohit i/b. Purohit & Co., for Petitioner. Mr.V.Joseph i/b. Joseph & Associates, for Respondent. --- CORAM: D.K.DESHMUKH, J. DATED: 29th April,2011 P.C.: 1. By this petition, the petitioner who is a client challenges the Award made by the Arbitral Tribunal of the Stock Exchange. The account of the petitioner was in debit, therefore his shares with the stock broker were sold on 21st and 22nd January,2008. His submission is that according to pvr 2 ap682-09 the bye-laws the petitioner is entitled to 24 hours to make good the debit and then only the stock could have been sold, but the Arbitral Tribunal has not considered it. It does not appear from the reply filed by the petitioner that it was the stand of the petitioner. It appears that the petitioner had contacted his broker on 21.1.2008 and promised to make good the debit on that date. As the petitioner did not keep his promise, the shares were sold on 21st and 22nd January,2008. I do not find any error committed by the Arbitral Tribunal in this regard. 2. Then it was submitted that the broker, though his account was in debit, carried on transactions of purchase of the shares in his account on 22.1.2008. The learned Counsel appearing for petitioner is not able to point out the allegations made by the petitioner to that effect. pvr 3 ap682-09 3. Taking overall view of the matter, therefore, considering the limited jurisdiction of the Court to interfere with the Award made by the Arbitral Tribunal under Section 34 of the Arbitration and Conciliation Act,1996, the petition cannot be entertained. It is rejected. (D.K.DESHMUKH,J.)