Common use of Settlement of Disputes and Arbitration Clause in Contracts

Settlement of Disputes and Arbitration. All differences and/or disputes between the parties arising out of or in connection with these presents shall at first instance be settled through amicable settlement at the level of CEO/CMD. In the event of unresolved disputes or differences as covered under the statutory arbitration provided under The Electricity Act, 2003, the same shall be resolved accordingly. Notwithstanding the existence of any disputes and differences referred to arbitration, the parties herein shall continue to perform their respective obligations under this Agreement.

Settlement of Disputes and Arbitration. All differences and/or disputes between the parties arising out of or in connection with these presents agreements shall at first instance be settled through amicable settlement at the level of CEO/CMDManaging directors. In the event of unresolved disputes or differences as covered under the statutory arbitration provided provisions under The the Electricity Act, 2003, the same shall be resolved accordingly. Notwithstanding the existence of any disputes and differences referred to arbitration, the parties herein shall continue to perform their respective obligations under this Agreement.