Question
According to the Arbitration and Conciliation Act, 1996,
when do arbitral proceedings in respect of a particular dispute commence unless otherwise agreed by the parties?Solution
Section 21.  Commencement of arbitral proceedings: Unless otherwise agreed by the parties, the arbitral proceedings in respect of a particular dispute commence on the date on which a request for that dispute to be referred to arbitration is received by the respondent.
RBI has proposed to revise the definition of bulk deposits as a ‘Single Rupee term deposit of _______’ for Scheduled Commercial Banks. Â
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