Question
The presiding officer in an arbitral tribunal of 3 arbitrators shall be appointed by ?
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.
More Banking Related Laws Questions
- In which situation can a court order the attachment of the property of a judgment debtor?
- Under the RTI Act, decisions of the Information Commission are what in nature?
- As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairpers...
- Which of the following country is not included in BRICS ?
- Under the RTI Act, the appropriate government must take steps under Section 26 to promote what?
- Which of the following is the objective of the IRDA Act?
- According to the Motor Vehicle Act a person as directed under the Claims Tribunal Award is required to pay the amount of compensation in?
- Which of the following is not a principle of natural justice recognized by administrative law?
- For an appeal to the Appellate Tribunal (DRAT) under Section 18 of SARFAESI, the borrower is required to make a pre-deposit. The Appellate Tribunal has the...
- Under the RTI Act, the disclosure of personal information that has no relationship to any public activity may be exempt unless what?
