PROFESSIONAL PRACTICE I1- VAIRBALES UNIT 2- ARBITRATION AND YALVATION ae A UATION NTROSUCTION * The bistony and origin % dyapule Aeltiemenk prackca per to & as od as te eilizabon Ta onxtnt Tad/a, tty system 1396 vildely practiced por expensing slater. Dispaia nene spervecl to dllage wndl on the panchayat fon apedy petlerntat “During te wnly Buitih. pertod, Negulatrs tncovraged onbinaben posr amicable adjustment of dispute. + The Anbinaben Act 1399 sJaa paste Mpll some gaps tn the eacdlien legislatiorgs. Anbiration Ack 6% 1940 108 enacked tp be a pull cede en anbinatoe fn Fadia. This Ack was neplaced tp FI9é, drce there gre no Umits sek down to cis covrage courts prom sheppng into on ong@ng anbitrabon. The Axbibraten anol tontitlaton pct 1996 102s enacted based on model pula presertted hy te Umiked Notions Commrsgion on Faberratodl Trade lara, 1986. This Act provided pan olomestre anblbration, talrnabheral conmerttal orbitraton and enforcerunt iB foregr arbitral awards. ars relating bo coeitlator alse forms 2, port Du Ace. + Arbibaber is te mast popular 70de g actimmne- 89 diaputer selabre & balding ard enginecrry conbacthe. past tosbucienn wentract provide fo orbitrabor.* the Anbithabon and comtlautiert Act 1996 bas enacted fared on model rules prrscribedl by te United Nations Crormipsion on Trrtenebonal Trade Land, 19.86. This Act purder poor alormestic. anbitnaben, intenaberal crnmercal/ Anbinabe and wnpamemurt of poregn anbaal assardd, Lew nelabrg to conc labor alpo porms a pank Q tuAct. + Anbsbrabon ia te mock popular mode settlemink Q drsputer hdabng to surking end tagnamg wntacts. past tendbucborr cenbaca provide pon arbitrabm. “Importing Jubbte 91th speed ond least wmpenge ia ba piimang puprke op anbiraton. bury Ampute pobich Can de retlled 44 a cut count may be neperred bo orbitrakm, Tt 6 an altenabve means Q eetting duaputer. Oth reas por Alspiled: 4, Actual fntent Qt parties t not pryplecked in conact documenta due to vagueness, ny ligence on want 8) abitl rg draping. , , Delay in puplmint Q etnen paubes’ ghigabion under tue conbact nesutbieg ty the ofr PVs Aapperg damages on othenwibe gethyg aggrieved. i. Juepe vonabort and iradguat. eornpinaabyr for the some. : Iv. One- aided wondrbens g conkact por prom <9 tty anol fon play in bame asbyalatiogs.Commer. dhéputes in constuchon cnbacls Dtompruaben por delays caused by the non + hending oven pull cleats site * Ware Q atipulated matersaly * Release QQ consbuchtrr draonga oad Authovizig paynunk for the ork dene YW) dope varfabens and Madiguak vempertertion for the Bame. m) hy Q uqudatd damages fer delay in completion @ sork 19 clarm fer intwesk for delayed payrnenta vy) compindationr fen dlay in dengan pepulhng wn td bboun aad machiaty, W) tempinbaber fer delays caused by tre ton batter. Ui) Delayed vemplition 9 1work Wi) dustintard cask WY) Poor. moblizabhert bY reBoUureeé. + tprxaltste tdbyrate fe Yague undtens ap tndth + braappoit Adails Ir arisomgs atterdir stage + Delay sn moteials Adpply t3e wntact by onc. + Vaned Atte condibons *Mepy chonges ond veiabort durng prgree Q work 4g delay tn dekermmation y rolls pon vartahong sDelag in gong dicision — yowak be the con bach + Btkensior Q dime. Modis Q acthernen t SQ Drapules *) Copibulebonr fy) wtgebin— uw) Negobabon. vw) Drapute Resolirber_ Board. wa) Aa bite ahire| Advonta gw g Wbibaber wen bya cbr + Spud, sss oxpdiee, privacy, to pormelty §) procading:, conbnut} good es epertrbe Xx on bibratoe 6, Plaidy io Choice 2 meeting placa bocatin wel brrality 2 akixron ore tome Q thu adventaga QQ arbitrate over Utigahion. Pooeducts odepted in anbstrabon * A hpeepe 68 ineaporatd to butlolieg cenbract por aettumat & daputes by the deaygned author $y Apeeped [2 Artttraten clause. + Aebitrator ia point fo settlemink Gf duputes, Aggrove Panky 14 requined $9 approath je dewonetd 4u' & appont an artbbate sith & uate Qe daputes ond amevat clamed agonst path. The denoted autnonity sith appomt ar erbste ba and refers all the Atpulis on sckebed avsputes only bo arbitralae . for adjudicaben. + Fr bore Yb the tenbraclt, pnovsiont 18 made for direck risoluborn BQ oliapules mibally by Wu parbed. + Such Q te dvspules hich are notredsoived eoriersg Valuabon ~ The netetsityy Valuation in India. onsgmaled ithe Wx enactment of Fist General and Acgwaton Ach, \SE7. + Ths ack pyprded povr settlement 2 compensa ben ZB anbiinaber?. Tune wese many Uuntertanb'ea tnvoleee in tts process + The dand Requatvion Act 1394depmed the toneagt & morket value, Therrepore, pound valuaton prrely las on seentyic boasts pene natroduced by AE. Miran and rp. fatk, » ArtunA 18 65, the muncipalittes Q yadnas, Calcottr ond Som bag were allowed bo hey tor similaa to Gre pellmed tr England. Rateable yale jy tre rt onnual /etlr alice g prope by or whch muntdpal charges sere levied ab a certart pacd prnantaze * Thus, adsedsrunk $2 ratealle value kecame Metssacsy « In 1850 , Indertuton @ Survey Ha pad det Up. Thys mobtute torduct Grad ae ship taormmaben, twondach ALM) OF. * Valuers ta Fncdta ore clakiyred unde 14 C ed. Out &2 these, cale velabrg bo immovable properbes 6 Q wheresée bo Meniteds, Engrietrs, Pevelopes, Peal estate agit ond otha in building mandy. + Valuabon 8 bo te tyeoted 48 an expert opnian which fe required do be supprted by nelevant pach, dete ard other mpamatior, which affects tre value Yon ab 6et. Sie’ bag duty Q a valuer 46 ayorcl 40th ovevalubyn endl ur vyaluto .Sa ee + Valuation 1 a peters 4a tomapt + Valuaborn is a proces by rohtch value Bon asset 16 estrrcted Vatuateot is net an exact serene vith mathynothial by on long 44 propuby Lves an accuracy, which (4 Nek hegured and which ys nok » possible. Te 4 Nidriovs vombynatan q Ort ond “ACE ond ture aneno set niles which ton beapoled poll cscs 2 valuabon +Valuabers ar miellechal guess sored on cobain pdjectve pactors. Mt deciding factors Gre locrbon, quably Q wmetruch&, ype B burtang, nabire GQ suilrg PE kemporaty, permonent, prevailing cat 9 land, bemond oncl 44pplg. The oat th B prpely 18 He ence Yb, » Valuws 1” India Gre clodatfred yndu 14 Categories. Out Q Harte, category relabry to immovable prpebed 1 3 onberese 20 hythitech, Bagmeus, Develgirs, peal estate ayn and dturs in butldaing inclusbag. : Valuation 6 bo be Lteetid ab on expat apmm whith js pigundh to be aupprted by relent pach, date 2 IGM information prhrcha affects thevalu g on astch ~ Valuation in a Necnity ab long 2b propetty bres ab a vnupl- ' Valuobe rh aprocew by which Vale Q 27 abscl 4 bhmatd . “Valuabor prourr required acers by lot & myponnaton om wib—ndra, popu bres land yates , task on trict , plinth area vats and sudgrtink related tovaltiaban. *Valuatn 2 real popubg haa gamed onich inmpntenc, aba properaoret oveephre pith He reunt boom dL urban diurtopmink all oer ie aes:Value, morket yalue G fay rorlat value VALUE 2 * Keprans tar worth, ube by aad pttacwmene he etomg 17 te eye Q 2 peaom-For a thong bo hove ovatus, tt mut poasers Bpetfpe Cconmnne aw legel quabtes bike utility, dumond, scatthg 22 bran bfer O bilihg QB wrnerbhpp. seoncgot 5) value obyem prom person toperaen, Its obyperent puBens treate Ayerert valtuca gQ hu Aare prope by Valier A relatve vonceph, Vale ss afunttion Q plats, pupae G tne. MARKET VALUE “The sateryotenal Yascts vormmittece addres rodkcbveliu a4: “~latet vyellu ts te tUbreid enovitfor Wher an adacl shoul extonge ont. 476 Q Valuatin bebveern apilias bygyer a7d @ votllirg 4h mM an armu length bronstocten aftr joape verketpy heen te pores had each acted knatetzeobty. predlitttg orclistthout vompebbo.~ + Th1k Me omank whith rmght be expected to sealize prom a yoillmg purchaser on a dale 2 propaty 44 a pi thig bcllic in re opr ynarkeh. Prsitiing All $a 2 tan rho rile not bell te propitg untets be otairs something 772r¢ they hx neserve price. Tt should be a free stl Aole, Sle tH giver Meuwayy advan tage. to fred 2 Aedevee ad.Fins ebserbral reguireqnuas Qoemerked yeltee 0) Vender gmat be poillrieg to belt a) Pereheser must be willing 4. purctehe 20 much be a prdint peter whoten put be prperty, bo tre most berepdal use - Gi) Ne tompulee~ em ettrur 9 Be bongachyn Dent pecewilty Baek e purchaw *t to be Aird vy) denbmunk valu bo the veydey he no place V) Potential use fe be comardered- *Fackors which gone turmerke poli 1) Phagsteal WD tegal. ba) Eeonorrte ww) Sectal wy Willy wD Market abl tg VID Trantperabthiley vit) Scaret4y FAIR pARRKET VAWE "This astovaked rth Atatig The purposes or fatldy adpou'a ted. + The womdibim« ond pactrrs voder rahteh Lu veluotim PYUAM 6 undirtaken ymist aleo be Ate aD ce ree dab er bay, + Faic morket vol 0A vonge B lon and Age propily and the mettodl. vamoveble prpirtg has ~ duperding om te type 89 G valucbon Adopted.