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The Order is downloaded from the DHC Server on 25/11/2023 at 05:24:53
by the sole Arbitrator. The arbitration shall be governed by the
Arbitration & Conciliation Act, 1996 or any statutory
amendments/modifications thereto for the time being in force. The
Arbitration proceedings shall be held at an appropriate location in
New Delhi by a Sole Arbitrator who shall be appointed by the
Managing Director of the Seller/Confirming Party i.e., BPTP
Limited and whose decision shall be final and binding upon the
Parties The Purchaser(s) shall not raise any, objection on the
appointment of sole Arbitrator by the Seller/Confirming Party. The
Purchaser(s) hereby confirms and agrees that he/she/it shall have no
objection to this appointment even if the person so appointed as the
sole Arbitrator, is an employee or advocate of the Seller/Confirming
Party or is otherwise connected to the Seller/Confirming Party and
the Purchaser(s) confirms that notwithstanding such
relationship/connection, the Purchaser shall have no doubts or
objections to the independence or impartiality of the said sole
Arbitrator. "