Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Arbitration, Tribunal Adjudication and Alternate Dispute resolution

Question:
The Arbitration and Conciliation Act, 1996 repealed which of the pre-existing Arbitration statutes ?
Options:
The Arbitration Act, 1940
The Arbitration (Protocol and Convention) Act, 1937
The Foreign Awards (Recognition and Enforcement) Act, 1961
All of the above
Correct Answer:
All of the above
Explanation:
The Arbitration and Conciliation Act, 1996 repealed several pre-existing Arbitration statutes such as The Arbitration Act, 1940; The Arbitration (Protocol and Convention) Act, 1937 and The Foreign Awards (Recognition and Enforcement) Act, 1961. Thus, arbitration has for long been a part of the Indian legal system.