Question
Which of the following is a part of Fast track
arbitration?Solution
As per s. 29B of The Arbitration and Conciliation Act, 1996 29B. Fast track procedure.-- (1) Notwithstanding anything contained in this Act, the parties to an arbitration agreement, may, at any stage either before or at the time of appointment of the arbitral tribunal, agree in writing to have their dispute resolved by fast track procedure specified in sub-section (3). (2) The parties to the arbitration agreement, while agreeing for resolution of dispute by fast track procedure, may agree that the arbitral tribunal shall consist of a sole arbitrator who shall be chosen by the parties. (3) The arbitral tribunal shall follow the following procedure while conducting arbitration proceedings under sub-section (1):-- (a) The arbitral tribunal shall decide the dispute on the basis of written pleadings, documents and submissions filed by the parties without any oral hearing; (b) The arbitral tribunal shall have power to call for any further information or clarification from the parties in addition to the pleadings and documents filed by them; (c) An oral hearing may be held only, if, all the parties make a request or if the arbitral tribunal considers it necessary to have oral hearing for clarifying certain issues; (d) The arbitral tribunal may dispense with any technical formalities, if an oral hearing is held, and adopt such procedure as deemed appropriate for expeditious disposal of the case. Discussed in the class and also in course videos as an important topic and questionable area.
On which date was the 11th edition of the India Maize Summit held in 2025?
Which of the following statements best reflects the comprehensive approach of the PM's package in the recent budget focusing on employment, skilling, an...
_______ has developed the country's first smartphone-based e-voting solution.
The Reserve Bank of India (RBI) has increased the threshold limit of non-callable deposits for providing more flexibility to depositors. The threshold l...
- On whose 1009th birth anniversary was 1 commemorative postage stamp released by the Department of Posts in March 2025?
Who among the following players has been selected as ICC Men’s Cricketer of the year 2022?
What significant trend is highlighted by the provisional payroll data released by EPFO for March 2024?
Knight Frank has come up with the Wealth Report 2022. As per the report, India is ranked 3rd in terms of most number of billionaires’ population g...
Which Indian actor won the Best Actor award at the 2024 Cannes Film Festival?
ToneTag, a voice-based commerce and payments solution provider has launched payment infrastructure named CUSP for digital payments like central bank...