Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Arbitration, Tribunal Adjudication and Alternate Dispute resolution

Question:
Which of the following Arbitration statutes are in use in India?
Options:
The Arbitration (Protocol and Convention) Act, 1937
The Foreign Awards (Recognition and Enforcement) Act, 1961
The Arbitration and Conciliation Act, 1996
All of the above
Correct Answer:
The Arbitration and Conciliation Act, 1996
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The Arbitration and Conciliation Act, 1996 repealed several pre-existing Arbitration statutes such as The Arbitration Act, 1940; The Arbitration (Protocol and Convention) Act, 1937 and The Foreign Awards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.