Start learning 50% faster. Sign in now
Section 11 of the Arbitration and Conciliation Act, 1996 deals with the appointment of arbitrators. A person of any nationality may be appointed arbitrator unless the contrary intention is expressed by the parties. The parties are free to agree on a procedure for appointment of arbitrator or arbitrators. Where parties fail to appoint three arbitrators, each party shall appoint one arbitrator and the two arbitrators shall appoint the third arbitrator. Hence, appointing three arbitrators is mandatory, with the third one being the presiding arbitrator. Where a party fails to appoint an arbitrator in accordance with the third arbitrator with the within thirty days from the date of receipts of a request to do so from the other party or two appointed arbitrators fail to agree on the third arbitrator within 30 days from the date of their appointment, the appointment shall be made, upon a request of a party, by the Chief Justice of the High Court or any person or institution designated by him
What is the minimum net worth required for a body corporate to be recognized as an Accredited Investor in India?
Reserve Bank of India has announced that NaBFID will be regulated and supervised by it as an AIFI under the Sections 45L and 45N of RBI Act, 1934. What ...
Cabinet Committee on Economic Affairs (CCEA) approved a scheme worth Rs 2,539.61 crore for _______ and ________, in a boost to public sector broadcastin...
Identify the correct description of Ways and Means Facility?
Which of the following schemes ensures the easy availability of credit to exporters while reducing export-associated risks?
Which of the following states were the top five contributors to ombudsman complaints during 2022-23, and which were the lowest contributors?
Sustainable Development Goals (SDGs) are an urgent call for action by all countries - developed and developing - in a global partnership. They recogniz...
The interest rate under external benchmark shall be reset at least once in how many months.
As per World Cooperative Monitor, IFFCO is the no. 1 cooperative in the world. Who launched the WCM?
Which bank launched UPI 123Pay and (Name of the bank) HRMS Mobile App for enhancing digital payment interface and employee service management?