Question

An arbitral award made under Part $1$ of the Arbitration and Conciliation Act, $1996$ shall be considered as a ___________.

• A. domestic award
• B. foreign award
• C. general award
• D. international award

Answer 1

Answer: (A)

domestic award

Under Arbitration and Conciliation Act, 1996

Chapter I: General Provisions

Section 2: Definitions

Section2(7) an arbitral award made under this, part shall be considered as a domestic award.

In an arbitration proceeding, an award passed under the provision of section 2 to 43 of Arbitration and Conciliation Act, 1996 is called domestic award. These are dispute between parties of nation and within the country.

Under Part II Enforcement of certain foreign awards, section 44 defines a foreign award ,it reads as follows:

Unless the context otherwise requires foreign award means an arbitral award on differences between person arising out of legal relationships, whether contractual or not, considered as commercial under the Law in force in India, made on or after the 11th day of October 1960.