INELIGIBLE PERSON BY OPERATION OF LAW CANNOT NOMINATE A PERSON AS ARBITRATOR
Once the person who was required to arbitrate upon the disputes arisen under the terms and conditions of the contract becomes ineligible by operation of law, he would not be eligible to nominate a person as an arbitrator in view of section 12 (5) of the Arbitration and Conciliation Act, 1996.
That a plea that pertains to statutory disqualification of the nominated arbitrator can be raised before the court in application Preferred under Sect
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What is the Difference between agreement and Contract:
A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. While agreement is sometimes used to mean contract -- a legally binding oral or written agreement -- it is actually a broader term, including understandings that might not rise to the level of a legally binding contract. A legally binding a
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