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

    Question

    The presiding officer in an arbitral tribunal of 3

    arbitrators shall be appointed by ?
    A 2 arbitrators jointly shall appoint the presiding arbitrator. Correct Answer Incorrect Answer
    B Party initiating arbitration may appoint the presiding arbitrator. Correct Answer Incorrect Answer
    C Any of the parties may appoint presiding arbitrator. Correct Answer Incorrect Answer
    D Both parties jointly may appoint the presiding arbitrator Correct Answer Incorrect Answer
    E Court shall appoint the presiding arbitrator. Correct Answer Incorrect Answer

    Solution

    Arbitration and Conciliation Act, 1996. S. 13. Appointment of arbitrators The arbitrators shall be impartial and independent of the parties and shall be qualified for the office. The parties shall if possible appoint the arbitrators jointly. If the arbitral tribunal is to comprise three arbitrators and the parties fail to agree on its composition, each party shall appoint one arbitrator. The time-limit for making the appointment shall be one month after the party received the request to appoint an arbitrator. The two arbitrators thus appointed shall within one month jointly appoint the third arbitrator who shall act as chairman of the arbitral tribunal.

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