Examveda
Examveda

For condonation of delay in making an application for setting aside the arbitral award

A. Section 34 of the Act is complete in itself

B. Section 5 of the Limitation Act, 1963 is applicable

C. Both (A) and (B)

D. Neither (A) nor (B)

Answer: Option A


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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