An arbitral award rendered in an arbitration may be struck down or invalidated by the courts. Which of the following is NOT a ground on the basis of which an arbitral award rendered in an arbitration may be struck down?
Answer & explanation
Correct answer: option 2
Setting aside of an arbitral award - An arbitral award rendered in an arbitration may be struck down or invalidated by the courts. The grounds of such invalidation are limited to: incapacity of a party to enter into arbitration agreement in the first place, improper appointment of arbitrator, dispute falling outside the terms of the arbitration agreement, bias on the part of arbitrator, award violating public policy at large.