My Business partner along with staff cheated the business such way that, rigged the accounts, not showing the real accounts, records, showing the unwanted expenses, transferred the money from business
We have recieved notice with compensation from nhai .for acquisition of land for four lane purpose
A. If you have any issue related to the compensation. Then the same needs to be raised within time frame before the authority.in your notice there is a time frame mentioned. You need to represent with Advocate before the Authority with regards to the compensation issue, if any.
Does presiding arbitrator has any special powers , if yes how to counter it
A. Dear Client
The presiding power has many special powers as inscribed by Arbitration and Conciliation Act, 1996.
If you think that presiding arbitrator was partial and biased. You can approach court to counter it.
Hope it helps
I took Hdfc credit card 2017 1,00,000 and I paid minimum balance for 4 years after and I stopped because of loss of business I did not pay. For 10 months now they send me arbitration notice what shoul
A. Dear client,
The arbitration clause states that in case of any dispute between the parties(you and the bank), the matter will be settled through arbitration. In other words, neither party can approach the courts for resolution.
Debt arbitrators are trained to negotiate with creditors to arrive at an amicable agreement that is suitable to both the parties. Debt arbitrators can do more than lowering the amount payable. They can help identify points in the financial life that may be considered to ...ReadMore
I was using sbi credit card in the past which was stopped about 12 years back. Last week I came to know that an arbitration award dated 7th September 2022 was passed for an amount of 347628.85 agains
A. Dear Sir,
Such irregularities being committed by the Bankers and the following for you to go to civil Court or High Court challenging such award.
I was not aware that arbitration proceedings were going on. I did not receive any notice. What is the next step.
A. Dear Client,
Section 21 of the Arbitration and Conciliation Act 1996 reads as under:
"Commencement of the arbitral proceedings unless otherwise agreed by the parties, the arbitral proceedings in respect of a particular dispute to be referred to arbitration is received by the Respondent"
Hence according to Section 21 of the above mentioned act Act is that in the absence of an agreement to the contrary, the notice under Section 21 of the Act by the Claimant invoking the arbitration, preceding t ...ReadMore
Is it true that as per latest amendment to Arbitration and Conciliation Act 1996, an arbitrator can be appointed only by High Court / Supreme Court? And the parties to dispute cannot appoint their own
A. Dear Sir,
It is not so such Arbitrators can be appointed by mutual consent of both the parties to the agreement or either of the party if so specified. If there is any dispute then one of the party may approach the Court and seek appointment of Arbitrator who is neutral person.
Can the parties to a dispute appoint their own arbitrator?
A. Yes, According to section 11 of Th Arbitration and Conciliation Act,
Parties are permitted to propose candidates to act as a sole arbitrator or, in the case of a three-member tribunal, each party is permitted to nominate one arbitrator and the two party-appointed arbitrators appoint the chairman. Selecting an arbitrator may be one of the most crucial decisions a party will take.
I have deposited security amount of 20 lacs with a company for being a carring and forwarding partner of a Pvt. Ltd. firm against an agreement. Now there is no business given to us by that company sin
A. Dear Sir,
It is very difficult if you go in civil way. Better register FIR saying that it was a clear cheating case and thus you may recover the amount and atleast may get post dated cheque.