New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An application for arbitration shall be

    filed___
    A By defendant before submission of Written statement. Correct Answer Incorrect Answer
    B At anytime when suit on same subject matter is alreay filed. Correct Answer Incorrect Answer
    C At anytimes provide suit on the same subject matter is not filed. Correct Answer Incorrect Answer
    D Cannot be filed, court shall refer matter for arbitration. Correct Answer Incorrect Answer
    E None of the above. Correct Answer Incorrect Answer

    Solution

    As per s.8 of the Arbitration and Conciliation Act, 1996- S.8. Power to refer parties to arbitration where there is an arbitration agreement.— (1) A judicial authority before which an action is brought in a matter which is the subject of an arbitration agreement shall, if a party so applies not later than when submitting his first statement on the substance of the dispute, refer the parties to arbitration.

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