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Arbitration and Conciliation Act 1996 Amendments Quiz

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Arbitration and Conciliation Act 1996 Amendments Quiz

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Questions and Answers

What is the main purpose of an Arbitration Agreement?

To establish a permanent arbitral institution

To fix specific time limits for arbitral tribunals

To submit all or certain disputes between parties to arbitration (correct)

To appoint arbitrators for the dispute resolution process

In what form must an arbitration agreement be according to the text?

Agreement documented by a permanent arbitral institution

Written agreement between the parties (correct)

Verbal agreement between the parties

Agreement documented by a judicial authority

What happens if an arbitration agreement exists and an action is brought before a judicial authority?

The arbitration will continue without any influence from the judicial authority

The parties will be referred to arbitration by the judicial authority (correct)

The judicial authority will take over the arbitration proceedings

The judicial authority will terminate the arbitration process

What is the significance of Sec-8 in the context of arbitration?

Gives power to judicial authorities to refer parties to arbitration with existing agreements Signup and view all the answers

If the parties do not agree on the place of arbitration, who has the authority to determine it?

The Arbitrator Signup and view all the answers

What power does the Arbitrator have in relation to evidence during the arbitral proceeding?

Determining the admissibility of evidence Signup and view all the answers

In an arbitral proceeding, what must the respondent submit along with their statement of defense?

Counterclaim or set-off Signup and view all the answers

Under the Arbitration Clause discussed, what happens if parties fail to agree on the procedure to be followed by the Arbitrator?

Arbitrator conducts proceedings as deemed appropriate Signup and view all the answers

What is the maximum number of arbitrators parties can agree to have according to the text?

Three Signup and view all the answers

If the parties do not agree on a specific appointment procedure, what happens in an arbitration with three arbitrators?

Each party appoints one arbitrator. Signup and view all the answers

In case of delay in the appointment of an arbitrator, who can make the appointment upon request of a party?

The Supreme/High Court or designated person/institution Signup and view all the answers

What must an arbitrator disclose in writing before accepting an appointment?

Any relationship with the parties or subject matter likely to raise doubts on independence or impartiality Signup and view all the answers