Nature of grievance

ARBITRATION BY PRINCIPAL AGAINST AGENT: Where an "Agent" misconducts or neglects in his duties towards the "Principal", and where there exist any Arbitration Agreement between the Principal and the Agent, Arbitration proceedings may be filed for the rendition of Accounts, within 3 years (unless otherwise agreed) from the date, when the principal becomes aware of the alleged misconduct or neglect of the “Agent”, having regard to Article 4 of the Indian Limitation Act, 1963