Abdul razzak Abdul razzak

3 years ago

Today I got notice from sole arbitrator for settlement of credit card dues of kotak bank, what is arbitration claim settlement dues, how to get rid of it please help and advice

Viswanath M K

Responded 3 years ago

A.According to a Supreme Court Judgement in 2019, the appointment of a sole arbitrator is not valid, in such cases., as the sole arbitrator is appointed by one party.
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Adv. Sarika Khude

Responded 3 years ago

A.We may need more details about it to be able to answer.
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Sidhaarth

Responded 3 years ago

A.You can challenge the appointment of abitrator and arbitration proceedings. You must have to join arbitration proceeding and can rebut the allegation.
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Sidhaarth

Responded 3 years ago

A.You can challenge the appointment of arbitrator. You must have to join arbitration proceeding and can rebut the claim of kotak.
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Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,

We may need more details about it to be able to answer. However, you may call your arbitrator and ask him what it means or you can talk to a lawyer who may help you follow the due procedure. If you found this helpful, please rate us.
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Anik

Responded 3 years ago

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A.Hi,

You may call you arbitrator to know what it is about or you may seek guidance from a lawyer who can help you understand the notice and follow the due procedure. If you found this helpful, please rate us.
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Advocate Niyas Fazal A

Responded 3 years ago

A.It process taken by the bank to repayment of loan. You have to attend and convey your ability and inability.
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Anish Palkar

Responded 3 years ago

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A.The credit card is not backed by RBI guidelines and so you require a proper lawyer having proper financial background knowledge to issue a notice to the bank.

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