Section 49
Disputes between the Corporation and Governments.
The Damodar Valley Corporation Act, 1948
About this Act
An Act to provide for the establishment and regulation of a Corporation for the development of the Damodar Valley in the Provinces of Bihar and West Bengal.
(1) Save as otherwise expressly
provided in this Act, any dispute between the Corporation and any participating Government regarding
any matter covered by this Act or touching or arising out of it shall be referred to an arbitrator who shall
be appointed by the Chief Justice of India.
(2) The decision of the arbitrator shall be final and binding on the parties.
(2) The decision of the arbitrator shall be final and binding on the parties.