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Credit Cards / Loan Products in India => India Credit Cards / Personal & Business Loans => Topic started by: sachsaj on February 17, 2010, 05:05:18 PM

Title: What is arbitration?
Post by: sachsaj on February 17, 2010, 05:05:18 PM

What is arbitration? How it works in financial dispute? mainly explain with the reference of Limitation act 1963.

Title: Re: What is arbitration?
Post by: haryfisco on April 13, 2010, 10:37:47 AM

Well... Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.