pvr 1 ap34-11 IN THE HIGH COURT JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.34 OF 2011 Lotesh Tolaram Bhatia. ...Petitioner vs. 1.National Stock Exchange and another. ...Respondents --- Mr.Kiran Joshi, for Petitioner. --- CORAM: D.K.DESHMUKH, J. DATED: 10th March,2011 P.C.: 1. Admittedly, the limitation for National Stock Exchange of India Ltd. s arbitration is six months from the date dispute arises. Admittedly, the complaint was not filed within that period. The petitioner had lodged complaint with the Investor Grievances Redressal Cell of NSE after expiry of the period of limitation. The learned Counsel appearing for the petitioner relied on a pvr 2 ap34-11 circular of December,2009 issued by SEBI. Admittedly that circular was not relied on before the Tribunal. Reliance on the said circular was placed for the first time before this Court. Had the said circular been produced before the Tribunal, the other side could have raised an objection to the circular that it does not apply to their case. I see no reason to interfere with the Award. The petition is, therefore, rejected. (D.K.DESHMUKH,J.)