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madhavi   23 November 2015

Arbitration act

THE BUILDER IN THE SALES AGREEMENT FOR UNDER CONSTRUCTION TOWER FOR APARTMENTS IS WRITTING ABOUT THE ARBITRATION ACT .

  1. That any dispute with regard to captioned property, between the parties shall be the sole decision of Arbitrator appointed by the First Party under Arbitration Act.
  2. That is the first party does not execute the sale deed or failed to execute sale deed in favor of second party, the second party will have the right to get the sale deed executed through court of law at the cost and expenses of the first party.

should I sign it or consult my laywer THEY ARE NOT TALKING ABOUT the right of the buyer in consumer court .????



Learning

 3 Replies

Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India)     23 November 2015

Sir,

 

Consumer Court right need not mentioned, its by default, but in your case since the dispute is subject to arbiration and that to be appointed by the First Party, its BAISED ...

 

Warm Regards

Kapil Chandna Advocate

09899011450

madhavi   24 November 2015

what could be the REMEDY for this BAISED appointment of arbitrator by the first party? WHAT COULD BE ADDED MORE TO SECURE OUR RIGHT?

JustAdvisor (IT)     26 November 2015

"...that arbitrator be appointed by mutual consent of both parties as per provisions of Indian Arbitration and Conciliation Act, 1996". The Act will come to your rescue then. 

 

 


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