A glitch, a quick fortune: How a small-town trader got the better of a D-Street giant
- N Sundaresha Subramanian
- ET PrimeUpdated: Jan 09, 2026, 22:02 IST IST
“A leaves a cow in the custody of B to be taken care of. The cow has a calf. B is bound to deliver the calf as well as the cow to A.”
This example, pointing to the provision under Section 163 of the Contract Act which underlines the responsibility of a bailee, was invoked while challenging an ₹2 crore arbitral award won by a little-known trader Gajanan Rajguru against Kotak Securities.
This example, pointing to the provision under Section 163 of the Contract Act which underlines the responsibility of a bailee, was invoked while challenging an ₹2 crore arbitral award won by a little-known trader Gajanan Rajguru against Kotak Securities.
