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

    Question

    Under the Arbitration & Conciliation Act, when does the

    mandate of an arbitrator terminate, and who replaces the arbitrator?
    A The mandate of an arbitrator terminates when he voluntarily withdraws from the case, and a new arbitrator is appointed by the court Correct Answer Incorrect Answer
    B The mandate of an arbitrator terminates if he becomes unable to perform his functions, and he is replaced by another arbitrator agreed upon by the parties or the court Correct Answer Incorrect Answer
    C The mandate of an arbitrator is terminated only when the parties agree to it, and a new arbitrator is appointed by the parties Correct Answer Incorrect Answer
    D The mandate of an arbitrator terminates if he becomes unable to perform his functions, and he is replaced by another arbitrator agreed upon by the parties or the court Correct Answer Incorrect Answer
    E The mandate of an arbitrator terminates when he disagrees with the parties, and a new arbitrator is chosen by mutual consent Correct Answer Incorrect Answer

    Solution

      Explanation: Section 14. Failure or impossibility to act.—(1) The mandate of an arbitrator shall terminate and he shallbe substituted by another arbitrator, if—(a) he becomes de jure or de facto unable to perform his functions or for other reasons fails to actwithout undue delay; and(b) he withdraws from his office or the parties agree to the termination of his mandate.

    Practice Next