Kambli 1 Arbp922.09 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.922 OF 2009 ... Kalani Industries Pvt.Ltd. ...Petitioner v/s. Edelweiss Securities Pvt.Ltd. ...Respondent ... Mr.Vivek Kantawala, Mr.Ajit Makhijani, Ms.Ashwini i/b M.M.Legal Associates for the Petitioner. Mr.Zal Andhyarujinha i/b Thakore Jariwala & Associates for Respondent. ... CORAM: D.K.DESHMUKH, J. DATED: 21st April, 2011 P.C.: 1. The learned Counsel appearing for the Petitioner states that the claim of the Petitioner has been rejected by the arbitrators of the National Stock Exchange on the ground that it is not filed within the limitation provided by Bye-law No.3 Chapter XI of National Stock Exchange. The learned Counsel submits that now SEBI has issued a Circular and according to him his claim will be within the period of limitation in view of Kambli 2 Arbp922.09 that Circular. In my opinion, if the claim of the Petitioner is within the period of limitation, because of any Circular issued by the SEBI, then it is for the Petitioner to approach the National Stock Exchange on the basis of that Circular. There is no question of this point being raised in this petition. Obviously, if any fresh period of limitation is given, then this award which rejects the claim on the ground that it is barred by limitation because of provision of Bye-law No.3 will not come in the way of the Arbitrator. Petition is, therefore, disposed of with aforesaid liberty. (D.K.Deshmukh, J.)