Pushed by finance ministry, ONGC to cut down on arbitration, use IIAC services
The PSU will not engage in arbitrations in public procurement contracts if the disputed amount exceeds ₹10 crore, days after peer Oil India said it would opt out of this expensive dispute resolution process following a finance ministry advisory.
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The PSU will not engage in arbitrations in public procurement contracts if the disputed amount exceeds ₹10 crore, days after peer Oil India said it would opt out of this expensive dispute resolution process following a finance ministry advisory.
