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N.B.: The Bidders should quote for minimum 1000 MT . 2 ... - Tender

N.B.: The Bidders should quote for minimum 1000 MT . 2 ... - Tender

N.B.: The Bidders should quote for minimum 1000 MT . 2 ... - Tender

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( 12 )Bhubaneswar or to an arbitrator nominated by the Chairman-cum-ManagingDirector of the I.D.C. of Orissa Limited in case the said Chairman-cum-ManagingDirector <strong>for</strong> any reason is not in a position to arbitrate. <strong>The</strong> award of the arbitratorshall be final, binding and conclusive.That, in all cases the arbitration proceedings shall be conducted atBhubaneswar or in the Factory Site at Barbil and at no other place.That, all legal proceedings in any manner arising out of or in relation to thecontract between the parties can only be initiated in a court of law situated withinthe territorial jurisdiction of the State of Odisha and none of the parties shall havethe liberty of initiating any legal proceedings any where beyond the territorial limitsof the State of Odisha.46. Force Majeure : This order is subject to <strong>for</strong>ce Majeure clauses and theper<strong>for</strong>mance of the contract either wholly or in part will be governed by thestandard <strong>for</strong>ce majeure clauses. Any failure of the contract due to strike, cyclonesetc. and all other causes beyond the control of the Company, IDCOL / IKIWL shallnot be responsible <strong>for</strong> the same in any manner whatsoever.47. <strong>The</strong> management reserves the right to accept / reject / cancel any or all the bidsat any stage without assigning any reason. No damage or compensation shall bepayable to any bidder <strong>for</strong> the alleged loss suffered by them due to suchrejection.HEAD (COMMERCE )

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