The Arbitration Act 1996 repeals

All India Bar Examination (AIBE) 15-XV Previous Year Question Papers with Answers

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The Arbitration Act 1996 repeals

A: The Arbitration Act, 1940,

B: The Arbitration (Protocol and Convention) Act, 1937

C: the Foreign Awards (Recognition and Enforcement) Act, 1961

D: All of the above

The answer is: D

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Explanation

The correct option is D: All of the above.

The Arbitration Act 1996 repeals the earlier laws on arbitration in India, namely the Arbitration Act, 1940, the Arbitration (Protocol and Convention) Act, 1937 and the Foreign Awards (Recognition and Enforcement) Act, 1961. The Arbitration Act 1996 aims to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as well as to define the law relating to conciliation. The Arbitration Act 1996 is based on the UNCITRAL Model Law on International Commercial Arbitration and the UNCITRAL Conciliation Rules.