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| A r b i t
r a t i o n |
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| ‘Bad
debts’ are the bane of business enterprises of every kind. While increasing incidence
of loan defaults has become a major menace in the recent years, recovery through courts
offers no solace as it entails huge expenses and time-consuming process. An out-of-court
settlement with debtors / defaulters through arbitration is gaining increasing acceptance
as a viable solution. Besides being legally enforceable, awards passed through arbitration
are relatively faster and substantially inexpensive. JLS provides for arbitration
facility under the RULES of
arbitration, enlisting the services of a panel of legal luminaries for the benefit of
business enterprises, including : |
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Banks |
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Co-Operative
Banks |
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Chit-fund Companies |
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Hire-purchase Companies |
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Non-banking Finance Companies |
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General Insurance Companies |
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Life Insurance Companies |
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Manufacturing Concerns |
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Merchandising Establishments |
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Distribution Houses |
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Individual Money Lenders |
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