Arbitration And Conciliation Act MCQ question and answer | Law MCQ question

A' has let out his property at Delhi to 'B' at a rent of Rs. 3000/- per month on the terms and conditions contained in a registered lease dead. The lease deed provided for arbitration of all disputes between the parties. 'B' fails to vacate the property inspite of expiry of period of lease of two years. 'A' initiates arbitral proceedings under the Arbitration and Conciliation Act, 1996 in accordance with an arbitration clause in the lease deed seeking eviction/ejectment of 'B' from the property

In the absence of an agreement between the parties, the arbitration proceedings are said to have commenced on:

If one party is Indian Company and another is American company and the dispute arises out of legal relationship under contract entered between them, then such dispute falls

The court may set aside an arbitral award only if:

The principal disadvantages of arbitration are:

An arbitral award becomes enforceable when

According to Section 39, for any unpaid costs of the Arbitration:

An arbitration agreement specifying even number of arbitrators cannot be a sole ground to render arbitration agreement invalid' - this was laid down in:

The conciliation proceedings are terminated by:
1. signing of settlement agreement by parties.
2. conciliator, at his own, declaring in writing that further efforts are no longer justified.
3. written declaration by the parties to the conciliator that conciliation proceedings are terminated.
4. written declaration by one party to the other party and concilator that conciliation proceedings are terminated.
Select the correct answer using the given below:

Section 5 of the Act, intends: