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

    Question

    To resolve the disputes by fast track procedure in

    arbitration _____.
    A Parties may agree in writing. Correct Answer Incorrect Answer
    B Parties may agree at any time in writing Correct Answer Incorrect Answer
    C Parties may agree at any time in writing or orally. Correct Answer Incorrect Answer
    D Parties may agree in writing before or at the time of constitution of arbitral tribunal. Correct Answer Incorrect Answer
    E Parties may agree before constitution of arbitral tribunal orally and after the constitution in writing. Correct Answer Incorrect Answer

    Solution

    Arbitration & Conciliation Act  S. 29B. 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).

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