In a contractual arbitration the jurisdiction of courts can be completely ousted under 1996 Act.

Related MCQs

• Section 75 of the Arbitration and Conciliation Act 1996 specifically provides for the confidentiality of all matters relating to the proceedings.
• In Shakuntla Sawhney v. Kaushalaya Sawhney,[(1979) 3 SCR 232]the Supreme Court has observed that “Finest hour of justice is the hour of compromise when parties after burying the hatchet, re-unite by a reasonable and just compromise” Whether this principle has been reflected in the ADR procedures mentioned in the Arbitration and Conciliation Act 1996?
• Arbitration can be ad-hoc, contractual, institutional or statutory.
• ADR techniques include arbitration, conciliation, mediation and negotiation.
• The award made by the Lok Adalat is deemed to be a decree of the civil court like arbitration Award.
• Which of the following is/are true about the Negotiable Instruments Act, the Promissory Note is … A) Definition of Promissory Note is given in section 8 of the Negotiable Instrument Act B) Containing an unconditional undertaking C) To pay a certain sum of money only to a specific person or the bearer D) The seller is bound to accept the promissory note E) A document was written and signed by the payer/maker
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act popularly known as SARFAESI Act was enacted in which of the following year:
• In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56.
• The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.
• Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.