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

    Question

    Which of the following is true about Interpretation of

    an arbitral award __________?
    A Made by court. Correct Answer Incorrect Answer
    B Is a part of arbitral award Correct Answer Incorrect Answer
    C Is an additional award Correct Answer Incorrect Answer
    D Not made by arbitral tribunal unless directed by civil court. Correct Answer Incorrect Answer

    Solution

    Arbitration and Conciliation Act  As per S. 33 (1) (b) if so agreed by the parties, a party, with notice to the other party, may request the arbitral tribunal to give an interpretation of a specific point or part of the award. (2) If the arbitral tribunal considers the request made under sub-section (1) to be justified, it shall make the correction or give the interpretation within thirty days from the receipt of the request and the interpretation shall form part of the arbitral award

    Practice Next