Arbitration hearing starts in NSE-Singapore bourse case

Last month, the NSE had approached the high court, seeking an injunction against SGX

Arbitration proceedings started on Saturday to settle the dispute between National Stock Exchange (NSE) and Singapore Stock Exchange (SGX) over the latter’s decision to launch Nifty-based derivatives. 

The case will be heard on a daily basis for one week. 

Justice S J Vazifdar, retired Chief Justice of the Punjab and Haryana High Court, who was appointed arbitrator in the dispute, heard both the parties. 

An arbitration process typically appoints a middleman or arbitrator to settle the dispute.

On May 28, the Bombay High Court had issued an arbitration order and asked the arbitrator to complete the hearing by June 16. The high court also