Dispute Resolution. T001229069/2021/BYO/HRV Issued on: March 06,2021 Page : 20 of 34 XXXXX and the empanelled Consultant shall make every effort to resolve ami cably, by direct informal negotiation, any disagreement or dispute arising between them under or in connection with the empanelment . If aft er 30 days from the commencement of such informal negotiations, SIDBI and the Consultant have been unable to resolve amicably a n empanelment dispute; either party may require that the dispute be referred for resolution by formal arbitration. All questio ns, disputes or differences arising under and out of, or in connection with the empanelment , shall be referred to sole Arbitrator appointed by XXXXX and the award of the arbitrator shall be final and binding on the parties. The arbitration and r econciliati on act 1996 and revisions, if any, thereof, shall apply to the arbitration proceedings and the venue of the arbitration shall be at Mumbai . The expenses incurred by each party with the preparation, presentation, etc. of its proceeding as also th e fees and expense paid to the appointed arbitrator by such party or on its behalf shall be borne by each party itself.
Dispute Resolution i. Disputes and differences of any kind whatsoever, arising out of or in connection with this Agreement or in the discharge of any obligation arising under this Agreement shall be resolved amicably.
ii. In case of failure to resolve the disputes and differences amicably within 30 days of the receipt of notice by the other party, then such unsettled dispute or difference shall be referred to arbitration by sole arbitrator mutually agreed in accordance with the Arbitration and Conciliation Act, 1996.
iii. The venue of the arbitration shall be under the exclusive jurisdiction of the courts at Ranchi only.
Dispute Resolution. Any dispute between the Parties as to matters arising pursuant to this Contract that cannot be settled amicably within thirty (30) days after receipt by one Party of the other Party’s request for such amicable settlement may be submitted by either Party for settlement in accordance with the provisions specified in the SC.
Dispute Resolution. Any dispute, difference or controversy of whatever nature howsoever arising under or out of or in relation to the Contract (including its interpretation) between the Parties, and so notified in writing by either Party to the other Party (the “Dispute”) shall, in the first in- stance, be attempted to be resolved amicably . The Parties agree to use their best efforts for resolving all Disputes, including those relating to delay caused in completion of project or delay in performance of obligations under the Contract, and arising under or in respect of the Contract promptly, equitably and in good faith, and further agree to provide each other with reasonable access during normal business hours to all non-privileged records, information and data pertaining to any Dispute. No conflict between Bidder and SIDBI will cause cessation of services or payment of fees due to the Bidder. Only by mutual consent the services will be withdrawn.
Dispute Resolution. 19.1 In the event of any dispute or difference between the parties hereto as to the construction or operation of this contract, orthe respective rights and obligations of the parties on any matter in question, dispute or difference on any account, the same will be resolved in terms of the General Conditions of Contract for works of Railways as amended from time to time and as per the provisions of Arbitration and Conciliation Amendment Act 2015 and the rules there as amended from time to time, and as per the extant instructions issued by Railway Board.
19.2 The award passed shall be final and binding both the Parties.
19.3 It is further clarified that during the resolution of the Disputes, the Licensee shall be obligated for the continued performance of its obligations under the Agreement until the resolution of the Disputes.
19.4 The place and language of Arbitration will be decided by Railway Administration.
Dispute Resolution