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

    Question

    Under Section 29B of Arbitration Act, when can there be

    fast track proceedings?
    A At any stage of arbitration Correct Answer Incorrect Answer
    B At any stage either before or at the time of appointment of arbitration tribunal Correct Answer Incorrect Answer
    C At any stage of appointment of arbitration tribunal Correct Answer Incorrect Answer
    D When it is written as such in the arbitration agreement Correct Answer Incorrect Answer
    E Whenever the parties wish to Correct Answer Incorrect Answer

    Solution

    Section 29B of Arbitration and Conciliation Act - Fast track procedure— (1) Notwithstanding anything contained in this Act, the parties to an arbitration agreement, may, at any stage either before or at the time of appointment of the arbitral tribunal, agree in writing to have their dispute resolved by fast track procedure specified in sub-section (3). (2) The parties to the arbitration agreement, while agreeing for resolution of dispute by fast track procedure, may agree that the arbitral tribunal shall consist of a sole arbitrator who shall be chosen by the parties.

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