Legal Question in Credit and Debt Law in India
credit card related
Dear sir, myself p.d--name removed-- from long time dew to personal(health) and finacial prob. i was not able to pay my credit card payment. and now people from bank(who provided me card) tell me to suit a case on basis of arbitration. so would u plez help me to tell what is arbitration? or give name of site from where i can find deep meaning of arbitration. thanking you..
1 Answer from Attorneys
Re: credit card related
dear sir,
Arbitration is a proceeding which is followed by parties to a agreement where parties agree to refer any future dispute or disputes to be deceided/adjudicated by the Arbitrator appointed by the parties.For detail understanding you may consult ARBITRATION & CONCILIATION ACT-1996.
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