Examveda
Examveda

Which is incorrect statement:

A. The arbitral tribunal is bound by Code of Civil Procedure, 1908

B. The arbitral tribunal is bound by Indian Evidence Act, 1872

C. Both (A) and (B) are incorrect

D. None of the above

Answer: Option C


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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