arbritation
Navin Kumar Agarwal
(Querist) 16 May 2010
This query is : Resolved
I was in business dealing with a co in aurungabad , due to some losses in business and share market I am unable to pay their dues and I want to pay in instalments ,as i have closed my business and servicing in a firm now,but company has gone for arbritor and i have received notice from arbritor ,I have no money to fight as i am on salary and can pay my dues on monthely basis i am from allahabad and cannot fight case in aurungabad
suggest me what to do ,if i dont turn up what can arbritor award against me and how it will be enforsed against me as I have no property or any stocks that can be liquidated help me IF ANY LAWER FRIEND FROM AURUNGABAD CAN TAKE MY CASE PLEASE SMS ME MOBILE NO AT
9897041199
or mail me at (navinkumar2007@gmail.com) I need legal help to fight and i want best and economic solution i.e.I am not in such a bad condition that i cannt pay my lawyer his fee and expensess .Some one sugested me that I should wait for final order of arbritor against me and not to receive any summen or notice and after final order I should go to court against that order, IS IT RIGHT though my case is in primery stage and first hearing at arbirator is in may 20 2010 please help me as i am totally confused
Daksh
(Expert) 17 May 2010
Dear Mr.Navin,
I would like to suggest that you may mention the facts of your case as stated in the Arbitration case based on which you can recieve inputs which might be beneficial in defending your case/strategising your future course of action.
Best Regards
Daksh
harsh asthana
(Expert) 20 May 2010
It depends upon your agreement regarding any provision of an arbitrator. If ther is no specific provision then both the parties have to give consent for the arbitrator. It seems your loans are unsecured so donot worry and the will accept your instalments
