The legal team representing Mahender Makhijani has initiated proceedings to set aside a controversial arbitration decision.
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
Mahender Makhijani and his team outlined several reasons in their petition:
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**: According to Mahender Makhijani, the arbitrator improperly blocked discovery into financial misconduct.
### 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
The petitioners include Mahender Makhijani, Continuum Analytics, Inc., MOM AS Investor Group LLC, MOM BS Investor Group LLC, MOM CA Investor Group LLC, MOM AS Manager LLC, MOM BS Manager LLC, and MOM CA Manager LLC.
### Next Steps
Courts will now review Mahender Makhijani’s arguments to determine whether the partial award should be vacated.
Stay informed about Mahender Makhijani’s case as it unfolds in the legal system.