This article has been written by Manaswini Vakulabharanam, a student studying BA.LLB from Pendekanti law college, Hyderabad. The author is a second-year student. Mediation and Conciliation are two different methods which help the disputed parties to resolve their disputes. These two terms are often confused and are thought to be synonyms, in this article we…
Real estate investing even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. INTRODUCTION What is commercial property? Property purchased for residential purposes is referred to as residential property, whereas property utilised for commercial purposes is referred to as commercial property. It is seen as…
A no objection certificate or NOC is a very important document that establishes the legality of a particular transaction. INTRODUCTION What is a No Objection Certificate? A No Objection Certificate (NOC) is a document granting consent for the purchase or construction of property to a person or a company. Applicants must get a No Objection…
What is a Gift Deed? A gift deed is a legal document that can be used to transfer immovable property in accordance with section 122 of the Transfer of Property Act, of 1882. A gift deed includes information about the property, the transferrer, and the recipient, similar to what a sale deed does. However, it permits…
A builder-buyer agreement is a document which specifies the modalities, conditions and clauses between a builder and a homebuyer. The builder-buyer agreement contains clauses referring to the property in question, delivery information, and terms relating to default and late project delivery, among other things. At one point, delayed real estate projects affected the Indian real…
What do you understand by Arbitration? “Arbitration” is a dispute settlement process between two or more parties. It is the objective through which conveyed by a Contract or Agreement. In this, parties agree to resolve their conflicts, utilizing mediation or conciliation. The Arbitration and Conciliation Act, 1996 of Section 2 defined Arbitration as (a)…
INTRODUCTION “The main object of conciliation lies in reaching a solution to a case based upon morals and with a warm heart.” — Confucius ADR i.e. Alternate Dispute Resolution plays a crucial role in overcoming the drawback of the conventional mechanism of dispute resolution i.e., court proceedings. The various modes of dispute resolution under the…
Lok Adalat also known as People’s Court is a statutory body under Legal Services Authorities Act, 1987. It has been created as an alternative dispute resolution mechanism in India. The concept of Lok Adalat is based on Gandhian Principles. As per the observance of Hon’ble Supreme Court, this system is ancient in India and its…
Procedure of Conciliation Commencement of conciliation proceedings (Section 62) – The conciliation proceedings are initiated by one party sending a written invitation to the other party to conciliate. The invitation should identify the subject of the dispute. Conciliation proceedings are commenced when the other party accepts the invitation to conciliate in writing. If the party…
Conciliation under the Arbitration and Conciliation Act, 1996 Application and Scope of the Act Part III of the Arbitration and Conciliation Act, 1996 applies to the following [Sec. 61(1)]: conciliations arising out of contractual disputes, conciliations arising out of other legal disputes. Part III of the Arbitration and Conciliation Act. 1996 shall not apply to…
