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 improper and unlawful.
### Grounds for Vacating the Award
According to Mahender Makhijani’s petition, there are multiple grounds for vacating the partial award:
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**: Requests to access the Honarkar Parties’ financial records were denied, which Mahender Makhijani claims hindered their ability to prove financial mismanagement.
### Legal Implications
The petition by Mahender Makhijani may set a legal precedent for future arbitration challenges.
The situation involving Mahender Makhijani highlights key concerns over fairness in arbitration.
### 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.
For those following the legal saga, updates on Mahender Makhijani’s petition can be found in public court filings and legal news outlets.