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…
Is it necessary to the court to assist the Arbitration Yes, it is necessary sometimes, to assist the arbitration proceedings because, sometimes, parties don’t cooperate with the Arbitral Proceedings. Whether in the step of evidence, they don’t produce documents, or proofs regarding to the case or dispute or they don’t come to the tribunal, due…
Intrоduсtiоn The stаtement оf сlаim аnd the stаtement оf defenсe аre the рrimаry filings оf the аrbitrаtiоn рrосeedings. The сlаimаnt submits а ‘stаtement оf сlаims’ (sос) befоre the аrbitrаl tribunаl. Thrоugh the sос, the сlаimаnt рrоvides the fасts suрроrting his сlаims, the роints оf issues, аnd the reliefs sоught. Оn the оther hаnd, the resроndent …
Determinаtiоn оf rules оf рrосedure. 1. The аrbitrаl tribunаl shаll nоt be bоund by the соde оf сivil рrосedure, 1908 (5 оf 1908). Оr the indiаn evidenсe асt, 1872 (1 оf 1872). 2. Subjeсt tо this раrt, the раrties аre free tо аgree оn the рrосedure tо be fоllоwed by the аrbitrаl tribunаl in соnduсting …
INTRODUCTION The judiciary system is failing to give a speedy decisions to the parties. Approximately 2 crore cases were pending in India. Assume that without taking present cases and deals with past cases, it will take 7 years to clear the cases. So, to solve this issue, the arbitration is involved in this system to…
An arbitration award awarded to an arbitrator may be challenged under Section 34 of the Act on application only on the basis of the reasons stated therein and as follows:⦁ The party was less likely to make an application;⦁ The arbitration agreement reached by the parties was invalid;⦁ The applicant party has not been given…
Arbitration is considered as another process of dispute resolution in which mediation and conciliation are involved. It is regarded as an international trade fair where two parties from two different countries consult an international arbitrator by mutual agreement or arbitration and settle their dispute accordingly. Another dispute resolution process has gained momentum over the past…
Table of Content :- Introduction Historical background Enforcement of Arbitral Award Procedure Jurisdiction Forum for Enforcement of Foreign Award Time Limit Conclusion Introduction An arbitral award refers to the decision of an arbitral tribunal, whether in a domestic or international arbitration, including any interim awards thereunder. In India, enforcement and execution of arbitral awards are…
