In a significant legal move, Mahender Makhijani and his co-petitioners have filed a request to vacate a partial arbitration award.

The petition, filed on behalf of Mahender Makhijani, Continuum Analytics, Inc., and multiple MOM Investor Groups, argues that the arbitrator’s actions were a violation of established legal principles.

### 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**: Jurisdictional overreach is another issue raised by Mahender Makhijani’s petition.

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

This case could have far-reaching effects on arbitration procedures.

Observers note that Mahender Makhijani’s filing underscores the importance of arbitrators adhering strictly to their roles.

### The Petitioners

Mahender Makhijani, along with Continuum Analytics and various MOM entities, are seeking legal remedies.

### Next Steps

Courts will now review Mahender Makhijani’s arguments to determine whether the partial award should be vacated.

Keep watching for new developments in Mahender Makhijani’s ongoing effort to overturn the arbitration outcome.