Notice Invoking Arbitration g6350

[Date] Ref No. [_]

By ed post, fax and hand delivery To, [_]

Dear Sirs, Sub: NOTICE

INVOKING

ARBITRATION

UNDER

CLAUSE

[_]

OF

[details of the Agreement/Contract] Ref: [Details of the Demand Notice issued to other side] ---------------------------------------------------------------------------------Upon instructions and on behalf of our client, [_] (hereinafter referred as “Our Client”), a company incorporated under the provisions of the Companies Act, 1956 and having its ed office at [_], we hereby serve you with the present notice, the contents of which are as under:1.

Our Client is a [details of the business of the client].

2.

At the outset, Our Client states that, [mention the facts of the case, details of the agreement/contract and events transpired upto the date of Demand Notice].

3.

[Alongwith the above, also point out the relevant provisions of the agreement/contract relied upon]

4. In view of the above continuous denial by the [other side] in clearing the

outstanding recoverable Claim amounts due and payable to Our Client, Our Client issued a Demand Notice dated [_], inter alia reiterating the facts mentioned hereinabove and providing details of the Claims and seeking release of the total outstanding recoverable dues of all the Claims together of [_] (“Total Outstanding Amount”) due from the [other side] under the [Agreement/Contract] to be payable within a period of [period of time allowed under the demand notice] days (“Demand Notice”). 5. However, ittedly you have failed to respond to the said Demand Notice within the prescribed period of [_] days. 6. The Total Outstanding Amount payable by the [other side] to Our Client under the [Agreement/Contract] as on date is as under:(i) Total Outstanding Amount of the Claims is Rs. [_], details of which are more specifically mentioned hereinabove. (ii) Interest at the rate of [_] % per annum on Total Outstanding Amount from the date of this notice upto the initiation of the arbitration proceedings. (iii) an amount of Rs. [_] towards damages suffered by Our Client on of [reasons for claiming damages]. 7. The aforesaid acts and events therefore make it abundantly clear that the [other side] are unwilling to comply with their obligations under the [Agreement/Contract] to indemnify Our Client against all damages incurred or suffered by Our Client based upon, resulting from or relating to any breach of warranty, undertaking or any obligation of the [other side]

as well as with respect to any amount of tax liability incurred by, imposed upon, due from or payable by [other side], in relation to the period upto and including the Closing Date of the [Agreement/Contract], as set out hereinabove and under various communications issued in this regard. Thus, Our Client states that disputes have arisen between the parties and further repeated attempts to amicably settle the disputes regarding the non-payment of amounts due to them have been made. Therefore, bearing in mind the situation as set out hereinabove, Our Client is left with no other alternative but to invoke arbitration in accordance with Clause [_] of the [Agreement/Contract]. The said arbitration clause is reproduced below for your ready reference: 9. In of Clause [_] of the [Agreement/Contract] (reproduced above) we on behalf of Our Client nominate [•] as the arbitrator on behalf of Our Client. You are therefore requested to nominate the arbitrator on your behalf and inform us of the same within a period of 30 (thirty) days from the date of receipt of the present notice, failing which Our Client shall be constrained to file appropriate proceedings in this regard, which please note. Yours sincerely, [Name of Advocates] [Name of Client]