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Legal service India => Company laws => Topic started by: anambi on July 06, 2015, 05:09:03 AM

Title: Arbitration - Company has no funds for Arbitration
Post by: anambi on July 06, 2015, 05:09:03 AM
Ours is a Private Partnership firm. We used to run as a franchise IT training center. After the contract period is over, the franchisor has initiated an arbitration to harass us which is clearly a violation of article 27 of Contract act. The only intention of the franchisor is to ensure that we loose money in our arbitration. The arbitration is being adjourned by the sole arbitrator and the claimant for no reason. We are shelving out a lot of money for each sitting and cannot afford this further. Is there someway we can save ourselves from this ?