An arbitration agreement entered into on 1 August 2019, provides for the arbitration to be in accordance with the Arbitration Act 1940
An arbitration agreement entered into on 1 August 2019, provides for the arbitration to be in accordance with the Arbitration Act 1940
.
Option A: The arbitration would be governed by the provisions of Arbitration and Conciliation Act, 1996
Option B: The arbitration would be governed by the provisions of Arbitration Act, 1940
Option C: The arbitration clause is void
Option D: The arbitration would be governed by the provisions of the Arbitration Act, 1940 as well as of the Arbitration and Conciliation Act, 1996.
Correct Answer
Option: a
Explanation
Section 85 of Arbitration and Conciliation Act. Repeal and savings-(1) The Arbitration (Protocol and Convention) Act, 1937 (6 of 1937), the Arbitration Act, 1940 (10 of 1940) and the Foreign Awards (Recognition and Enforcement) Act, 1961 (45 of 1961) are hereby repealed.