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
рджрд┐рдП рдЧрдП рдкреНрд░рддреНрдпреЗрдХ рдкреНрд░рд╢реНрди рдореЗрдВ рдПрдХ рд╣рд┐рдВрджреА рдХрд╛ рд╡рд╛рдХреНрдп рджрд┐рдпрд╛ рдЧрдпрд╛ я┐╜...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рд╡рд┐рдХрд▓реНрдкреЛрдВ┬а рдореЗрдВ рд╕реЗ current yield рдХрд╛ рдкрд░реНрдпрд╛рдп┬а рд╣реЛрдЧрд╛ред
рдЖрдпрд╛рдд рдмрд┐рд▓ рдХреЗ рд▓рд┐рдП рд▓рд┐рдП рд╕рд╣реА рдкрд╛рд░рд┐рднрд╛рд╖рд┐рдХ рд╢рдмреНрдж рд╣реИ
рдорд╛рдирд╡ рд╕рдорд╛рдЬ рдореЗрдВ рдирд┐рд░рдВрддрд░ рд╣реЛрдиреЗ рд╡рд╛рд▓реЗ рдкрд░рд┐рд╡рд░реНрддрдиреЛрдВ рдФрд░ рдЬреНрдЮрд╛рди- рднрдВрдбрд╛рд░ ...
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рд░рд┐реЫрд░реНрд╡ рдмреИрдВрдХ рдХреЗ рднреВрддрдкреВрд░реНрд╡ рдкреНрд░рдзрд╛рди рд╕рд▓рд╛рд╣рдХрд╛рд░ рдПрд╡рдВ рдореБрдЦреНрдп рдЕрд░реНя┐╜...
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┬а┬а рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ рдХреМрди рд╕рд╛ рд╢рдмреНрдж organised market┬а ┬а рдХрд╛ рд╕рд╣реА рдкрд░реНрдпрд╛рдп рд╣реИ ?
Core competencies and focus are now the mantras of corporate strategists in Western economies.