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

    Question

    According to the definition provided in the Arbitration

    and Conciliation Act, 1996, what does "international commercial arbitration" mean?
    A Arbitration involving the Government of India Correct Answer Incorrect Answer
    B Arbitration between individuals of different states only Correct Answer Incorrect Answer
    C Arbitration exclusively related to contractual disputes Correct Answer Incorrect Answer
    D Arbitration related to disputes arising from commercial contracts Correct Answer Incorrect Answer
    E Arbitration involving individuals or entities from different countries where at least one party is a non-Indian entity Correct Answer Incorrect Answer

    Solution

    Section 2 (f) “international commercial arbitration” means an arbitration relating to disputes arising out of legal relationships, whether contractual or not, considered as commercial under the law in force in India and where at least one of the parties is— (i) an individual who is a national of, or habitually resident in, any country other than India; or (ii) a body corporate which is incorporated in any country other than India; or (iii)  an association or a body of individuals whose central management and control is  exercised in any country other than India; or (iv) the Government of a foreign country.

    Practice Next

    Relevant for Exams: