Arbitration cluse
pushpakrishna
(Querist) 25 August 2014
This query is : Resolved
dear experts,
a company Regd.Office at Bombay. collected the amount from the public to higher interest .latter on the date of maturity company did not paid.but a land is there at our place SAY Hyderabad.when we filed a case for recovery of the amount along with an application for an attachment before judgement of the land to the court returned the suit with an objections 1)there is a clause in the back side of the receipt subject to the courts Bombay jurisdiction 2)there is a clause when there is dispute between the parties the matter should be referred to an arbitrator. how the suit is maintainable? dear Experts Section 9 of the CPC clearly stating where there is right there is remedy and notices sent to the company and it's managing directer returned stating Left.and also as per as my knowledge is concerned any clause which oppose the public policy is illegal.here notice returned Stating LEFT. then whom to consult to appoint an arbitrator. in the mean time the company may dispose the land secretly . many investors invested in the company to the tune of 20,00,000/- in our area and cheated .kindly give the suitable advice on the above.Thank you sir in advance.
pushpakrishna
(Querist) 25 August 2014
dear experts,
cant we file a civil suit when there is a clause of arbitration in an agreement for recovery of the amount? thank you.
Kumar Doab
(Expert) 25 August 2014
Repeated:
http://www.lawyersclubindia.com/experts/Arbitration-clause-in-an-agreement-492891.asp#.U_tRP8WSwb8
