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Arbitration, Tribunal Adjudication and Alternate Dispute Resolution Test 15

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Arbitration, Tribunal Adjudication and Alternate Dispute Resolution Test 15
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  • Question 1
    1 / -0
    Where the challenge to the arbitrator is not successful _______________________.
    Solution
    As per section 13 (4) of the Act, if a challenge to the arbitrator under any procedure agreed upon by the parties is not successful, the arbitral tribunal shall continue the arbitral proceedings and make an arbitral award. 
  • Question 2
    1 / -0
    Section $$43$$ deals with:
    Solution
    Section 43 of the Act is the limiting provision of the act which says that the Limitation Act, 1963, shall apply to arbitrations as it applies to proceedings in court. 
  • Question 3
    1 / -0
    The conciliation proceedings ________________________.
    Solution
    As per section 81 of the act, there is no admissibility of proceedings as evidence in other judicial proceedings. It says that, The parties shall not rely on or introduce as evidence in arbitral or judicial proceedings, whether or not such proceedings relate to the dispute that is the subject of the conciliation proceedings.
    Hence, D is the correct option.
  • Question 4
    1 / -0
    Which of the following is incorrect statement?
    Solution
    Conciliation is one of the non binding procedures where an impartial third party, known as the conciliator, assist the parties to a dispute in reaching a mutually agreed settlement of the dispute. As per Part III of the act, the process of conciliation extends whether contractual or not. But the disputes must arise out of the legal relationship. It means that the dispute must be such as to give one party the right to sue and to the other party the liability to be sued.
    Hence, C is the correct option.
  • Question 5
    1 / -0
    Which of the following is incorrect statement
    Solution
    An award which is set aside is no longer remains enforceable by law. The parties are restored to their former position as to their claims in the dispute. Setting aside an award means that it is rejected as invalid. It does not affect the original arbitration agreement and hence does not invalidate the agreement.
    C is the correct option.
  • Question 6
    1 / -0
    The enforcement of a foreign award may be refused if ______________.
    Solution
    As per Section 48 of the act, enforcement of a foreign award may be refused, at the request of the party against whom it is invoked, only if that party furnishes to the court proof that the party against whom the award is invoked was not given proper notice of the appointment of the arbitrator or of the arbitral proceedings or was otherwise unable to present his case. Further enforcement of an arbitral award may also be refused if the court finds that the enforcement of the award would be contrary to the public policy of India. 
    Hence, D is the correct option.
  • Question 7
    1 / -0
    Which one of the following is an incorrect statement ?
    Solution
    Conciliation is one of the non-binding and informal procedures where an impartial third party, known as the conciliator, assist the parties to a dispute in reaching a mutually agreed settlement of the dispute without any litigation. And as conciliation is non-binding in nature, there is no compulsion on the party to reach a settlement only after award made by the Conciliator.
    Hence, C is the correct option.
  • Question 8
    1 / -0
    Section $$53$$ of the Arbitration and Conciliation Act, 1996 has limited application because ____________.
    Solution
    Chapter II of Part II of the Arbitration Act, 1996 deals with foreign awards as per the Geneva Convention. Sections 53-60 of the Arbitration and Conciliation Act, 1996 contains provisions relating to foreign awards passed under the Geneva Convention. As per section 53 of the act and the Geneva Convention, "foreign award" means an arbitral award on differences relating to matters considered as commercial under the law in force in India made after the 28th day of July, 1924.
  • Question 9
    1 / -0
    Foreign award' implies _______________.
    Solution
    D is the correct option.
    The essential elements of foreign arbitration, resulting in the foreign arbitral award are as follows:
    a. Arbitration should have been held in foreign lands;
    b. by foreign arbiters;
    c. An arbitral award is made in a foreign country; 
    d. As a party foreign national is involved. 
    e. Where the subject matter is international trade and commerce.
  • Question 10
    1 / -0
    Part I of the Act deals with ____________.
    Solution
    Arbitration and Conciliation Act 1996 has been divided into three parts. Part I of the Act deals with Domestic Arbitration in general whereas Part II of the Arbitration and Conciliation Act, 1996 deals with execution of certain foreign awards which includes New York Convention Awards as well as Geneva Convention Awards. Conciliation on the other hand is dealt with part III of the Act. 
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