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

    Question

    An arbitral award shall be made

    ______________.
    A within 12 months from the date of completion of pleadings. Correct Answer Incorrect Answer
    B within 12 months from the appointment of arbitrators. Correct Answer Incorrect Answer
    C within 6 months from the completion of pleadings and within 12 months from the completion of pleadings in case of ICA. Correct Answer Incorrect Answer
    D within 6 months from the appointment of arbitrators and within 12 months from the appointment of arbitrators in case of ICA. Correct Answer Incorrect Answer
    E within 6 months from the appointment of arbitrators. Correct Answer Incorrect Answer

    Solution

    Arbitration & Conciliation Act  S. 29A.Time limit for arbitral award .—(1)The award in matters other than international commercial arbitration shall be made by the arbitral tribunal within a period of twelve months from the date of completion of pleadings under sub-section (4) of section 23: Provided that the award in the matter o f international commercial arbitration may be made as expeditiously as possible and endeavor may be made to dispose of the matter within a period of twelve months from the date of completion of pleadings under sub-section (4) of section 23.

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