Nature of grievance

ARBITRATION FOR MONEY PAYABLE FOR INTEREST UPON MONEY DUE FROM THE RESPONDENT TO THE PLAINTIFF: Where there is default in the payment of interest which is payable upon money / debt due, and where there exist any Arbitration Agreement between the Parties therein, Arbitration proceedings may be initiated for the recovery of interest payable, within 3 years (unless otherwise agreed) from the date when the interest becomes due and payable, having regard to Article 25 of the Indian Limitation Act, 1963