An application to set aside the arbitral award under the Arbitration and Conciliation Act, 1996 may be made within a time period of the following number of days that have elapsed from the date on which the party making that application had received the arbitral award

Option A: one month

Option B: two months

Option C: three months

Option D: forty five days

Correct Answer

Option: c

Explanation

Section 34(3) of the Arbitration and be changed by the agreement of parties. Conciliation Act, 1996-An application for setting aside may not be made after three months have elapsed from the date on which the party making that application had received the arbitral award or, if a request had been made under section 33, from the date on which that request had been disposed of by the arbitral tribunal: Provided that if the Court is satisfied that the applicant was prevented by sufficient cause from making the application within the said period of three months it may entertain the application within a further. period of thirty days, but not thereafter

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