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Question
The definition of 'Arbitral Tribunal' under the Arbitration and Conciliation Act, 1996 means _______.
The definition of 'Arbitral Tribunal' under the Arbitration and Conciliation Act, 1996 means _______.
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Solution
The correct option is A sole arbitrator or a panel of arbitrators
Arbitration is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the "arbitrators", or "arbitral tribunal"), by whose decision the "award" they agree to be bound. An arbitrator serves as the decision-maker and referee in an arbitration proceeding, much like a judge during a court case.
Arbitration is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the "arbitrators", or "arbitral tribunal"), by whose decision the "award" they agree to be bound. An arbitrator serves as the decision-maker and referee in an arbitration proceeding, much like a judge during a court case.
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