All India Bar Examination (AIBE) 2-II Previous Year Question Papers with Answers

Practice Mode:
1.

An Arbitral Tribunal Should Usually Consist of :

A: A Sole Arbitrator.
B: Three Arbitrator
C: Any Even Number Of Arbitrators.
D: Any odd Number Of Arbitrators.
E: Any odd number of arbitrators, though if the parties continues with an even number of arbitrators, the parties are deemed to have waived their right to challenge a common award by such an arbitral on the ground that there was an even number of arbitrators.

The answer is: D

Explanation

Arbitral tribunals in India typically comprise either a single arbitrator or a panel of three arbitrators. The primary function of an arbitral tribunal is to adjudicate disputes by applying legal principles and issuing an "arbitral award."

In essence, arbitral awards are ordinarily considered conclusive and enforceable. They can only be contested before a state court in exceptional situations, such as instances where the parties did not validly consent to arbitration. Arbitral awards can be executed and enforced in numerous countries across the globe.