Lesson 13 says that the **Arbitration and Conciliation (Amendment) Act…

Question

Lesson 13 says that the **Arbitration and Conciliation (Amendment) Act, 2015** was passed by Parliament with what objective?

Accepted Answer

C. {'text': 'To facilitate and encourage Alternative Dispute Mechanism, especially arbitration, for settlement of disputes in a more user-friendly, cost effective and expeditious manner', 'label': 'C'}

1. Lesson 13 says the 2015 Amendment was driven by judicial-interpretation difficulties and the resultant delays and court interference.
2. Its objective: "Arbitration and Conciliation (Amendment) Act, 2015 **facilitate and encourage Alternative Dispute Mechanism**, especially arbitration, for **settlement of disputes in a more user-friendly, cost effective and expeditious disposal of cases** since India is committed to improve its legal framework."
3. Concrete changes included Section 8 prima facie review, Section 9(2) 90-day commencement rule, Section 9(3) limits after tribunal constitution, etc.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 13 (Arbitration and Conciliation Act, 1996), pp. 297-303._

Answer

{'text': 'To transfer all arbitrations to the Supreme Court of India under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State of India', 'label': 'A'}

Answer

{'text': 'To abolish arbitration as a means of dispute settlement under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State of India', 'label': 'B'}

Answer

{'text': 'To transfer all arbitrations to the High Courts of the States of India under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State of India', 'label': 'D'}