Parinam successfully defended an exchange in proceedings initiated under Section 9 of the Arbitration and Conciliation Act seeking to implead the exchange as a third party.

Parinam advised and successfully represented a leading exchange in a Petition filed under Section 9 of the Arbitration and Conciliation Act, 1996, wherein reliefs were sought against the exchange, despite the exchange not being a party to the arbitration agreement. This was noteworthy since it ensures that stock exchanges are not made parties or subject to orders of the Court in proceedings between private parties