New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    If the parties fail to determine the number of

    arbitrators,
    A The Arbitration Tribunal shall consist of a sole arbitrator Correct Answer Incorrect Answer
    B The Arbitration Tribunal shall consist of three arbitrators Correct Answer Incorrect Answer
    C The Arbitration Tribunal shall consist of two arbitrator Correct Answer Incorrect Answer
    D The number of arbitrators shall be determined by the Court Correct Answer Incorrect Answer
    E The Court will order the parties to decide on the number of arbitrators Correct Answer Incorrect Answer

    Solution

    Contract Act Section 10 of Arbitration and Conciliation Act Number of arbitrators.—(1) The parties are free to determine the number of arbitrators, provided that such number shall not be an even number. (2) Failing the determination referred to in sub-section (1), the arbitral tribunal shall consist of a sole arbitrator

    Practice Next

    Relevant for Exams: