Examveda
Examveda

Under the Arbitration and Conciliation Act, 1996, Arbitration Tribunal may direct payment of interest:

A. For whole or part of the period from the date of cause of action till award, but not for the period post the award

B. For whole or part of the period from the date of cause of action till payment is made

C. For the period post the award only when the arbitration clause specifically states that interest shall be awarded

D. Arbitration Tribunal cannot award interest and only Court can direct and award interest

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