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

    Question

    Is it mandatory to reduce arbitration award into

    writing?
    A No Correct Answer Incorrect Answer
    B Yes Correct Answer Incorrect Answer
    C As per the discretion of the Court Correct Answer Incorrect Answer
    D As per the discretion of the Arbitrator Correct Answer Incorrect Answer
    E As per the discretion of the parties Correct Answer Incorrect Answer

    Solution

    Section 31 of Arbitration and Conciliation Act - Form and contents of arbitral award—(1) An arbitral award shall be made in writing and shall be signed by the members of the arbitral tribunal. (2) For the purposes of sub-section (1), in arbitral proceedings with more than one arbitrator, the signatures of the majority of all the members of the arbitral tribunal shall be sufficient so long as the reason for any omitted signature is stated.  

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