Question
An exchange of statements of claim and defence in which
the existence of the agreement is alleged by one party and not denied by the other : The above mentioned statement proves existence of ?Solution
S.7. Arbitration agreement.—(1) In this Part, “arbitration agreement” means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not. (2) An arbitration agreement may be in the form of an arbitration clause in a contract or in the form of a separate agreement. (3) An arbitration agreement shall be in writing. (4) An arbitration agreement is in writing if it is contained in— (a) a document signed by the parties; (b) an exchange of letters, telex, telegrams or other means of telecommunication [including communication through electronic means] which provide a record of the agreement; or (c) an exchange of statements of claim and defence in which the existence of the agreement is alleged by one party and not denied by the other. (5) The reference in a contract to a document containing an arbitration clause constitutes an arbitration agreement if the contract is in writing and the reference is such as to make that arbitration clause part of the contract.
What is a stale cheque?
Which one of the following pillars addresses risk as per Basel Il norms.
What is the full form of NPCI?Â
T-Bills, Government Bonds and Cash Deposits are the examples of –
In 1921, three Banks were merged into one Bank i.e, Imperial Bank. They are:
Which international organisation signed five MoUs with the Ministry of Rural Development (India) under DAY-NRLM for technical assistance?Â
Arrangement made for the likely loss in the profit and loss account while finalizing accounts of banks is known as...............................
South Indian Bank’s headquarter is situated at ______________Â
Which committee is related to the Reforms related to Non-Banking Financial Companies (NBFC)?
Which of the following acts empowers RBI to regulate Non-Scheduled Banks?