Question

Under section $7$, Arbitration and Conciliation Act, $1996$, an arbitration agreement ________.

• A. shall be in writing
• B. may be oral
• C. either in writing or oral
• D. neither in writing nor oral

Answer 1

Answer: (A)

shall be in writing

Under The Arbitration and Conciliation Act, 1996

Chapter II : Arbitration Agreement

Section 7(3): An arbitration agreement shall be in writing.

Section 7(4): An arbitration agreement is in writing if it is contained in-

• a document signed by the parties;
• an exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement; or
• an exchange of statements of claim and defence in which the existence of the agreement is alleged by one party and not denied by the other.