Question
If within 30 days the parties fail to appoint their
arbitrators or the arbitrators fail to appoint the third arbitrator the arbitrator shall be appointed by theSolution
Section 11 of the Arbitration and Conciliation Act, 1996 deals with the appointment of arbitrators. A person of any nationality may be appointed arbitrator unless the contrary intention is expressed by the parties. The parties are free to agree on a procedure for appointment of arbitrator or arbitrators. Where parties fail to appoint three arbitrators, each party shall appoint one arbitrator and the two arbitrators shall appoint the third arbitrator. Hence, appointing three arbitrators is mandatory, with the third one being the presiding arbitrator. Where a party fails to appoint an arbitrator in accordance with the third arbitrator with the within thirty days from the date of receipts of a request to do so from the other party or two appointed arbitrators fail to agree on the third arbitrator within 30 days from the date of their appointment, the appointment shall be made, upon a request of a party, by the Chief Justice of the High Court or any person or institution designated by him
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Name the first life insurance company to function in India?
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One of the methods of reducing insurance cost of an insured is __________.
The fixed income that one gets after the retirement is also known as ________.Â
An insurance cover that is linked with credit activities and aims to protect the credit is called?
The first ULIP was launched by which of the following ?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
_____________ is the only public sector company in the field of life insurance in India