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Arbitration and Mediation

INSOLVENCY

THE MADRAS HIGH COURT HAS DECLARED ME INSOLVENT IN OCT-21 BY AN ORDER. I HAVE SURRENDERED ALL MY ASSETS TO COURT. i HAVE BEEN PAYING 8000/- AS MONTHLY LIABILITY TO COURT. ONE ARBITRATION HAS BEERN AWARDED FOR A PERSONAL LOAN TAKEN BY ME. SO MANY TIMES I SENT ALL COURT DOCUMENTS TO THE CO. I ALSO HAVE THE PROOF . CAN THE ARBITRATION AWARD BE ENFORMED ON ME. PLEASE YOUR ANSWER..

1 month ago

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A.
Dear Client,
An arbitral award is final and binding upon the parties unless challenged under Section 34 of the Act. It is equivalent to a decree passed by a Civil Judge and is binding upon the parties. The enforcement procedure and execution decrees and an arbitral award in India are governed as per the provision of the Arbitration and Conciliation Act, 1996. The time-limit for challenging an award under Section 34 of the Arbitration Act is absolute and no delay beyond 30 days from the prescribed period of 90 days can be condoned by any Court. Once the time for making an application to set aside the arbitral award under section 34 has expired or such an application has been refused, the award becomes enforceable and binding on the parties.
S. K. Dutta
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Dear Sir,
the Arbitrator has to consider such order and close the arbitration case or alternative solution must be given
Kishan Dutt Kalaskar
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