Examveda
Examveda

Whether an arbitrator under the Arbitration and Conciliation Act has the power to correct and interpret an award after it has been pronounced?

A. No, as the arbitrator becomes functus officio

B. No, as the arbitrator does not have the power of review

C. No, as Section 34 of the Arbitration and Conciliation Act prescribes procedure for setting aside the award

D. Yes, in terms of Section 33 of the Arbitration and Conciliation Act

Answer: Option D


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Related Questions on Arbitration and Conciliation Act

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