Nature of grievance

ARBITRATION FOR THE BALANCE OF MONEY ADVANCED IN PAYMENT OF GOODS TO BE DELIVERED: Where money was paid as advance in payment of goods to be delivered, and where the other party fails to deliver the goods in the time agreed, if any, and where there exist any Arbitration Agreement between the Buyer and Seller, Arbitration proceedings may be initiated for the recovery of said money advanced, within 3 years (unless otherwise agreed) from the date when the delivery of the goods ought to have been made, having regard to Article 13 of the Indian Limitation Act, 1963