Section 33 of IIAC : Section 33: Protection Of Action Taken In Good Faith
IIAC
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Explanation using Example
Imagine a scenario where a business dispute arises between two companies regarding a breach of contract. They decide to resolve the conflict through arbitration and choose the India International Arbitration Centre (IIAC) as the forum. The arbitrators, appointed by the IIAC, make a decision in favor of one of the companies after thoroughly examining the case. The losing company is dissatisfied with the outcome and bel...
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