Question
Under Section 29B of Arbitration Act, when can there be
fast track proceedings?Solution
Section 29B of Arbitration and Conciliation Act - Fast track procedure— (1) Notwithstanding anything contained in this Act, the parties to an arbitration agreement, may, at any stage either before or at the time of appointment of the arbitral tribunal, agree in writing to have their dispute resolved by fast track procedure specified in sub-section (3). (2) The parties to the arbitration agreement, while agreeing for resolution of dispute by fast track procedure, may agree that the arbitral tribunal shall consist of a sole arbitrator who shall be chosen by the parties.
Table given below shows the cost price and selling price of five different articles.
Abhijit buys an old scooter for Rs. 3700 and spends Rs. 300 on its repairs. If he sells the scooter for Rs. 5500, his gain percent is
A dealer bought two washing machines at a certain amount. He sold the first washing machine at a 35% profit and the second washing machine at a 15% loss...
Hari purchased 9 bags, 12 shoes, and 15 hats for Rs. 270, Rs. 720, and Rs. 450, respectively, from a seller. By selling each bag and each shoe, the sell...
P purchased a book from registered store and gets 13% discount while Q purchased the same book from a roadside stall and got 16% discount. If Q paid Rs....
A dealer bought a commodity for Rs. 'w'. He marked it up by Rs. 1,800 over the cost and disposed of it after two successive discounts of 5% and 25%. Wha...
A shopkeeper sold an article after giving a discount of 20% and made a profit of Rs. 70. Find the marked price of the article if cost price of the artic...
After selling 45% of the items, Neha is left with 30 fewer than 80% of the number of items she initially had. Find the number of ...
Aarav bought a device for Rs. 2800 and spent some money on installation. He marked up the price by 25%, gave a Rs. 320 discount, and still earned a 15% ...
A microwave oven was sold for Rs. 15,750 at a profit of 25%. If the microwave oven was instead sold at a loss of 9%, what would have been its selling pr...