Examveda
Examveda

Delay in making an application for setting aside the arbitral award

A. Can be condoned under section 5 of Limitation Act

B. Cannot be condoned by invoking section 5 of Limitation Act

C. May be condoned under section 5 of Limitation Act as per discertion of the court

D. Only (A) and not (B) or (C)

Answer: Option B


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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