Querist :
Anonymous
(Querist) 12 March 2011
This query is : Resolved
Dear Sir,
My friend had taken a vehicle from a finance company. and due to non paymenyt it was taken back by the financer. Now the financier has envoke a arbitration clause and asking for payment of somemore amount. Agreement was filled in Goa branch and Arbitrator has been appointed from Mumbai.
Even no copy of agreement have been provided toi my friend.
Devajyoti Barman
(Expert) 13 March 2011
You did not mention whether arbitration proceeding has started or not. If yes, then the Bank in the midway can not ask you to make further payment. To comment on the jurisdiction issue pf the Arbitrator, the agreement needs to be seen.
Chanchal Nag Chowdhury
(Expert) 13 March 2011
Ask the financier to provide the documents. If U do not get them, move the appropriate court.
Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup