Section 4 of IIAC : Section 4: Declaration Of India International Arbitration Centre As An Institution Of National Importance
IIAC
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Explanation using Example
Imagine a scenario where an Indian company, "Tech Innovations Pvt. Ltd.", and a Japanese company, "Nippon Auto Inc.", have entered into a commercial contract. The contract includes an arbitration clause that specifies the India International Arbitration Centre (IIAC) as the forum for resolving any disputes arising from the contract.
During the contract period, a dispute arises over the delivery terms of auto parts. "Tech ...
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