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[Cites 0, Cited by 0] [Section 24] [Entire Act]

State of Madhya Pradesh - Subsection

Section 24(1) in Madhya Pradesh Electricity Regulatory Commission (Conduct of Business) (Revision-I) Regulations, 2016

(1)If the Commission decides to refer the matter to arbitration by a person or persons other than the Commission, the reference shall be-
(i)to a sole arbitrator if the parties to the disputes agree on the name of the arbitrator; and
(ii)if the parties are unable to agree on the name of the arbitrator, to a sole arbitrator to be designated by the Commission or to three arbitrators as the Commission may direct taking into account the nature of the dispute and the value involved; and
(iii)if the decision is to refer to three arbitrators, then one shall be nominated by each of the parties to the dispute and the third by the Commission:
Provided that if any of the parties fails to nominate the arbitrator, within a reasonable time or if any of the arbitrators nominated by the parties or the Commission, fails or neglects to act or discontinue as arbitrator, the Commission shall be entitled to nominate any other person in his place.