CUET Preparation Today
The ADR method are speedier, informal and cheaper modes of dispensing justice when compared to the conventional judicial procedure. ADR provides a more convenient forum to the parties who can choose the time, place and procedure for conducting the preferred dispute redressal process. Further more, if the dispute is technical in nature, parties have an opportunity to select the expert who possesses the relevant legal and technical expertise. It is interesting to note that ADR provides flexibility to even refer disputes to Non-lawyers. |
What kind of legal recognition is given to an arbitral award? |
A mere settlement Court pronounced judgement A common ground which is to be discussed further in the court A revocable agreement |
Court pronounced judgement |
The correct answer is Option (2) → Court pronounced judgement In India, under the Arbitration and Conciliation Act, 1996, an arbitral award is enforceable as if it were a decree of the court, meaning it carries the same weight and legal standing as a judgment delivered by a court. This provides parties with a mechanism to enforce the award through the judicial system if necessary. |
