In 2016, Company Amar, a food processor manufacturing unit entered into a joint venture agreement with Company USHA, the largest manufacturer of Food processors for the supply of parts of a mixer & grinder for manufacturing its latest model. Both companies are registered under the Companies Act 2013. The agreement carries the term that all disputes shall be arbitrated in Mumbai. State the type of arbitration agreement made between them.
What will happen if the agreement does not have any clause relating to arbitration? Disputes arose between them concerning the quality of material supplied in 2017.

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The detailed answer for the above question is provided below There are two basic types of the arbitr... View the full answer