The arbitration awards rendered in arbitration proceedings commenced before the coming into force of the Arbitration & Conciliation Act, 1996:

Option A: Are to be challenged as per the provisions of the Arbitration Act, 1940 Act only

Option B: Are to be challenged as per the provisions of the 1996 Act.

Option C: Are to be challenged as per the provisions of the Arbitration Act, 1940 only unless otherwise agreed by the parties

Option D: Cannot be challenged since the 1940 Act stands repealed on coming into force of the 1996 Act

Correct Answer

Option: c

Explanation

The Arbitration and Conciliation Act 1966 came into force on 25th January 1996 and in the proceedings commenced before the coming into force of the Act of 1996 are to be dealt with the 1940 Act only unless otherwise agreed by the parties.

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