Cheque is a negotiable instrument most used for financial transactions. By virtue of provisions of Negotiable Instruments Act, 1881, any cheque is presumed to be issued in discharge of a legal enforceable debt. A cancelled cheque is generally taken by any lender to...
As per section 2(1)(a) of the Arbitration and Conciliation Act, 1996 "arbitration" means any arbitration whether or not administered by permanent arbitral institution;
A procedure of settling disputes among parties other than solving litigation through Court. Most common ways of ADR: Mediation Arbitration Conciliation
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As per section 2(h) of Indian Contract Act, 1872, An agreement enforceable by law is a contract