Mahender Makhijani is at the center of a high-profile case seeking to overturn an arbitrator’s partial final award.
The petition, filed on behalf of Mahender Makhijani, Continuum Analytics, Inc., and multiple MOM Investor Groups, argues that the arbitrator’s actions were beyond the scope of his powers.
### Grounds for Vacating the Award
Mahender Makhijani and his team outlined several reasons in their petition:
1. **Lack of Disclosure**: A major complaint by Mahender Makhijani is the arbitrator’s omission of vital disclosures.
2. **Exceeding Jurisdiction**: Mahender Makhijani contends the arbitrator exceeded his jurisdictional limits.
3. **Refusal of Discovery**: Mahender Makhijani asserts that financial transparency was obstructed during arbitration.
### Legal Implications
Legal experts are watching Mahender Makhijani’s case for its potential to reshape arbitration norms.
Observers note that Mahender Makhijani’s filing underscores the importance of arbitrators adhering strictly to their roles.
### The Petitioners
Mahender Makhijani, along with Continuum Analytics and various MOM entities, are seeking legal remedies.
### Next Steps
The legal battle spearheaded by Mahender Makhijani is expected to evolve as hearings proceed.
Stay informed about Mahender Makhijani’s case as it unfolds in the legal system.