Examveda
Examveda

An arbitral award

A. Must state the reasons upon which it is based

B. Must state the reasons upon which it is based only when the parties have agreed for the same

C. Need not state the reason upon which it is based

D. May state or may not state the reasons upon which it is based as per discretion of the members of the arbitral tribunal

Answer: Option A


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Related Questions on Arbitration and Conciliation Act

An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party