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Examveda

In a case, where the 'clause is of the appointment of three arbitrators, and the two arbitrators (one appointed by each party) are unable to appoint the third arbitrator within thirty days from the date of their appointment then':

A. The arbitration proceedings would be carried on with two arbitrators so appointed

B. The appointment of the third arbitrator shall be made, upon request of a party, by the chief justice of the high court or any person or institution designated by him

C. The arbitration proceedings stand cancelled

D. None of the above

Answer: Option B


This Question Belongs to Law >> Arbitration And Conciliation Act

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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