Section 29A(1) of the Act prescribes a time limit for making the arbit…

Question

Section 29A(1) of the Act prescribes a time limit for making the arbitral award. In matters OTHER than international commercial arbitration, the award shall be made within:

Accepted Answer

A. {'text': 'Twelve months from the date of completion of pleadings under Section 23(4)', 'label': 'A'}

1. Section 29A(1) of the Act, reproduced in Lesson 13, sets the time-limit for award.
2. "The award in matters other than international commercial arbitration shall be made by the arbitral tribunal within a period of **twelve months from the date of completion of pleadings under Section 23(4)**."
3. The parties may extend by consent for a further **six months** under Section 29A(3).
4. International commercial arbitrations are encouraged to be disposed of within 12 months but are not bound by the same hard cap.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 13 (Arbitration and Conciliation Act, 1996), pp. 314-333._

Answer

{'text': 'Six months from the date of the constitution of the arbitral tribunal in every case regardless of the type of arbitration involved', 'label': 'B'}

Answer

{'text': 'Three months from the date of the appointment of the arbitrator in every case regardless of the type of arbitration involved', 'label': 'C'}

Answer

{'text': 'Five years from the date of the commencement of the arbitral proceedings in every case regardless of the type of arbitration involved', 'label': 'D'}