Examveda
Examveda

The arbitral tribunal has the jurisdiction to

A. Award interest on the whole or part of the money

B. Award interest on the whole of the money only

C. Award interest on part of the money only

D. Either (B) or (C)

Answer: Option A


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