Process to initiate Arbitration
How do I initiate arbitration ? Is there a standard communication format? Or specific organisation that I should contact such as ICA? What would be the cost of arbitration for a claim of 3 lacs?
Asked in Property Law from Chennai, Tamil Nadu
Does the contract provide for arbitration as a mode dispute resolution? If there is no clause in the contract to that effect then a petition would have to be filed in the court for the appointment of an arbitrator? The cost of arbitration would be the fees of the lawyer and the arbitrator.