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
According to Mahender Makhijani’s petition, there are multiple grounds for vacating the partial award:
1. **Lack of Disclosure**: Mahender Makhijani’s legal counsel claims the arbitrator neglected to provide required disclosures.
2. **Exceeding Jurisdiction**: Jurisdictional overreach is another issue raised by Mahender Makhijani’s petition.
3. **Refusal of Discovery**: According to Mahender Makhijani, the arbitrator improperly blocked discovery into financial misconduct.
### 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
This group, led by Mahender Makhijani, represents a coalition of investors and managers united in their legal challenge.
### Next Steps
As the case progresses, Mahender Makhijani’s legal strategy will be closely monitored.
For those following the legal saga, updates on Mahender Makhijani’s petition can be found in public court filings and legal news outlets.