Question
Under the Arbitration and Conciliation Act, 1996, what
happens if a party knows that a provision from which the parties may derogate or a requirement under the arbitration agreement has not been complied with, but still proceeds with the arbitration without stating their objection?Solution
Section 4 Waiver of right to object: A party who knows that—(a) any provision of this Part from which the parties may derogate, or (b) any requirement under the arbitration agreement, has not been complied with and yet proceeds with the arbitration without stating his objection to such non-compliance without undue delay or, if a time limit is provided for stating that objection, within that period of time, shall be deemed to have waived his right to so object.
Which of the following statements is true?
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Calculate the average age of inventory(Assume 360 days in a year):
Which of the following is not a correct feature of a microfinance loan as per RBI’s directions?
Which inventory costing formula calculates value of closing inventory considering that inventory most recently purchased has not been sold?
The Credit Linked Subsidy Scheme (CLSS) under PMAY provides interest subvention on home loans. What is the rate of subsidy for MIG (Middle Income Group)...
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
ABC sports material manufacturing company budgeted the following data for the coming year:
Sales (1,00,000 units) = ₹1,00,000
Variable c...
Identify correct full forms of ESOP and ESPP.
How do Priority Sector Lending Certificates (PSLCs) help banks comply with RBI’s priority sector norms while balancing credit risk?