Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Arbitration, Tribunal Adjudication and Alternate Dispute resolution

Question:
Which of the following Act governs the the process of arbitration in India?
Options:
Arbitration Act 1996.
The Arbitration and Conciliation Act of 1996
Arbitration Act 1994.
The Arbitration and Conciliation Act of 1994
Correct Answer:
The Arbitration and Conciliation Act of 1996
Explanation:
The Arbitration and Conciliation Act of 1996 is the relevant legislation that governs the process of arbitration in India. The statute provides for an elaborate codified recognition of the concept of arbitration, which has largely been influenced by significant movements of judicial reforms and conflict management across the world.