Which one of the following is incorrect statement ?

An arbitral award is a contract.

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An arbitral award must be in writing and signed.

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An arbitral award includes an interim award.

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None of the above

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Solution

The correct option is A An arbitral award is a contract.
According to the Arbitration and Conciliation Act, 1996, an Arbitral Award, shall be in writing, shall be signed by members of Arbitral Tribunal, shall state the reasons on which the Award is based, date and place of arbitration shall be decided. The Act provides that after passing the Award, a signed copy of the Award shall be delivered to each party.

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