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2011 (10) TMI 519 - SC - Indian LawsArbitration and Conciliation Act, 1996 - Bye Law 248 - Arbitration claim – non-payment of the amounts due - appellant and the first respondent are members – first respondent alleged that appellant and second respondent are sister concerns - Held that:- Bye-law 248 applies to a dispute between a member and a non-member, yet a claim by a member against another member can be entertained by an arbitral forum constituted under Bye-law 248, where said claim is incidental or connected with a claim against a non-member, in the present case, First respondent cannot claim amount from appellant - Second respondent was liable as claimed by the first respondent, but the appellant was not liable only on the ground that the arbitrators appointed by the Stock Exchange under Bye Law 248, in a claim against a non-member, had no jurisdiction to decide a claim against another member
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