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Arbitration, Tribunal Adjudication and Alternate Dispute Resolution Test 8

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Arbitration, Tribunal Adjudication and Alternate Dispute Resolution Test 8
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  • Question 1
    1 / -0
    With reference to Lok Adalats, which of the following statements is correct?
    Solution
    Lok Adalat is one of the modes of Alternative Dispute Resolution. The Lok Adalat Mechanism is available throughout the State through the Legal Services Authorities/Committees for amicable settlement. It is a very effective institution of alternative dispute resolution, where the cases pending in the court of law or at pre-litigation stage are settled amicably. The decision or decree of Lok Adalat is final and binding like a civil court. It consists of a sitting or retired judicial officer and other persons.
  • Question 2
    1 / -0
    An arbitral award made under Part $$1$$ of the Arbitration and Conciliation Act, $$1996$$ shall be considered as a ___________.
    Solution
    Under Arbitration and Conciliation Act, 1996
    Chapter I: General Provisions
    Section 2: Definitions
    Section2(7) an arbitral award made under this, part shall be considered as a domestic award.
    In an arbitration proceeding, an award passed under the provision of section 2 to 43 of Arbitration and Conciliation Act, 1996 is called domestic award. These are dispute between parties of nation and within the country.
    Under Part II Enforcement of certain foreign awards, section 44 defines a foreign award ,it reads as follows:
    Unless the context otherwise requires foreign award means an arbitral award on differences between person arising out of legal relationships, whether contractual or not, considered as commercial under the Law in force in India, made on or after the 11th day of October 1960.
  • Question 3
    1 / -0
    An arbitral award _______.
    Solution
    According to the Arbitration and Conciliation Act, 1996, an Arbitral Award, shall be in writing, shall be signed by members of Arbitral Tribunal, shall state the reasons on which the Award is based, date and place of arbitration shall be decided. The Act provides that after passing the Award, a signed copy of the Award shall be delivered to each party. 
  • Question 4
    1 / -0
    An arbitral award ______.
    Solution
    According to the Arbitration and Conciliation Act, 1996, an Arbitral Award, shall be in writing, shall be signed by members of Arbitral Tribunal, shall state the reasons on which the Award is based, date and place of arbitration shall be decided. The Act provides that after passing the Award, a signed copy of the Award shall be delivered to each party. 
  • Question 5
    1 / -0
    Arbitral proceedings commence _______.
    Solution
    Unless otherwise agreed by the parties, the arbitral proceedings in respect of a particular dispute commence on the date on which a request for that dispute to be referred to arbitration is received by the respondent. This has been provided under the Arbitration and Conciliation Act, 1996.
  • Question 6
    1 / -0
    An arbitral award ________.
    Solution
    According to the Arbitration and Conciliation Act, 1996, an Arbitral Award, shall be in writing, shall be signed by members of Arbitral Tribunal, shall state the reasons on which the Award is based, date and place of arbitration shall be decided. The Act provides that after passing the Award, a signed copy of the Award shall be delivered to each party. 
  • Question 7
    1 / -0
    Which among the following options is the main purpose of the Arbitration and Conciliation Act, $$1996$$ ?
    Solution
    The Arbitration and Conciliation Act, 1996 has repealed the Arbitration Act, 1940 and also the Acts of 1937 and 1961, consolidated and amended the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards and also defines the law relating to conciliation, providing matters connected therewith and incidental thereto on the basis of the Model Law on International Commercial Arbitration adopted by the United Nations Commission on International Trade Law (UNCITRAL) in 1985.
  • Question 8
    1 / -0
    Part I of the Arbitration and Conciliation Act, $$1996$$ applies where __________________.
    Solution
    Under the Arbitration and Conciliation Act, 1996
    Part I : Arbitration
    Chapter I : General Provision
    Section 2: Definitions
    Section 2(2) Scope: This part shall apply where the place of arbitration is in India. 
    Section 2(7) an arbitral award made under this Part shall be considered as a domestic award.
  • Question 9
    1 / -0
    The power of court to refer parties for arbitration would and must necessarily include, imply and inhere in it ______.
    Solution
    This has been covered under the Section 8 of the Arbitration and Conciliation Act, 1996. The language of section is peremptory in nature. Therefore, in cases where there is an arbitration clause in the agreement, it is obligatory for the court to refer the parties in arbitration in terms of their arbitration agreement and nothing remains to be decided in the original action after such an application is made except to refer the dispute to an arbitrator.
  • Question 10
    1 / -0
    In the matters governed by Part I of the Arbitration and Conciliation Act, $$1996$$ _____________.
    Solution
    Under the Arbitration and Conciliation Act, 1996
    Chapter I: General Provisions
    It has been provided under section 5 that a judicial authority shall not intervene except provided in this part (part 1)
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