Legal Question in Business Law in India
Sale and purchase of vehicle was made in Himachal Pradesh Financed through Tata Finance, borrower was not able to pay the installments of loan and subsequently the vehicle was arrested by the financer and financer filed a case for recovery in arbitrators at mumbai and Arbitrators passed decree against the JD now what is the remedy left with JD can he file a appeal in the local court H.P. against the decision of the Arbitrators, or can JD pray for the injunction against the decision of arbitrators. Please clarify
2 Answers from Attorneys
You may need to show your documents to a lawyer for appropriate opinion. on the given facts, it may not be appropriate to record any opinion as the matter may involve multi-jurisdictional issues which may possibly be resolved only after perusing all relevant documents. .
you should have appeared before the arbitrator and put forth your defence in the case. in most of such cases, the matter is settled by giving a good discount on the interest part. now you have an option to approach the Mumbai High Court against the Arbitrator's award.
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