Question:

Which of the following assertion is incorrect?

Updated On: Aug 4, 2024

in fast-track arbitration under the Arbitration and Conciliation Act, 1996 an oral hearing may be held only if all the parties make a request or if the arbitral tribunal considers it necessary to have an oral hearing for clarifying certain issues
an arbitral award shall be made in writing and shall be signed by members of the arbitral tribunal
seat of arbitration and venue of the arbitration are one and the same concept
a judicial authority shall not refer an action to arbitration if it finds that prima facie no valid arbitration agreement exists

Hide Solution

Verified By Collegedunia

The Correct Option is C

The correct answer is option (C):seat of arbitration and venue of the arbitration are one and the same concept.

Was this answer helpful?

I. Arbitration of excepted matters	1. A. Ayyasamy v. A. Paramasivam, (2016) 10 SCC 386
II. Conditional Arbitration Clauses	2. In re - Interplay between Arb Agreements and Stamp Act 2023 INSC 1066
III. Separability of Arbitration Agreement - Kompetenz Kompetenz	3. Vulcan Insurance Co Ltd v. Maharaj Singh and Anr (1976) 1 SCC 943
IV. Arbitrability of fraud	4. Mitra Guha Builders (India) Co v. ONGC (2020) 3 SCC 222

I. Uti Possidetis	1. Principle in customary international law providing that where there has been a fundamental change of circumstances since an agreement was concluded, a party to that agreement may withdraw from or terminate it.
II. Pacta Sunt Servanda	2. Two or more states equally exercise sovereignty with respect to a territory and its inhabitants.
III. Condominium	3. Doctrine that territory remains with the possessor state at the end of war or occupation unless otherwise determined by a treaty or an agreement.
IV. Rebus Sic Stantibus	4. Proposition that treaties are binding upon the parties to them and must be performed in good faith.

View More Questions

(A) Conditions for a Hindu Marriage	(i) Section 13
(B) Registration of Hindu Marriage	(ii) Section 10
(C) Judicial Separation	(iii) Section 5
(D) Divorce	(iv) Section 8