Practicing Success
Practicing Success
CUET Preparation Today
Assertion (A): The Arbitration and Conciliation Act, 1996 is the first statute on arbitration in independent India. |
Both A and R are correct and R is the correct explanation of A. Both A and R are correct and R is not the correct explanation of A. A is correct but R is false. A is false but R is correct. |
A is false but R is correct. |
The Arbitration and Conciliation Act, 1996 repealed several pre-existing Arbitration statutes such as The Arbitration Act, 1940; The Arbitration (Protocol and Convention) Act, 1937 and The Foreign Awards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. |
