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.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.