11.
Resolution of disputes.- Where any
dispute relating to securitisation or reconstruction
or non-payment of any amount due including interest
arises amongst any of the parties, namely, the
bank or financial institution or securitisation
company or reconstruction company or qualified
institutional buyer, such dispute shall be settled
by conciliation or arbitration as provided in
the Arbitration and Conciliation Act, 1996 (26
of 1996), as if the parties to the dispute have
consented in writing for determination of such
dispute by conciliation or arbitration and the
provisions of that Act shall apply accordingly.
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