Section 2(1)(a) of the Arbitration and Conciliation Act 1996 defines 'ARBITRATION' as:
Answer & Solution
Correct answer: B.
1. Section 2(1)(a) Arbitration and Conciliation Act 1996: 'arbitration' means ANY ARBITRATION whether or not administered by a permanent arbitral institution.
2. This broad definition covers BOTH:
3. (i) AD HOC ARBITRATION — without institutional support;
4. (ii) INSTITUTIONAL ARBITRATION — administered by institutions like Indian Council of Arbitration (ICA), Mumbai Centre for International Arbitration (MCIA), Delhi International Arbitration Centre (DIAC), London Court of International Arbitration (LCIA), Singapore International Arbitration Centre (SIAC), International Court of Arbitration (ICC).
5. Hence option B is correct.
_Source: Arbitration and Conciliation Act 1996 (Bare Act) + Mediation Act 2023 — Arbitration and Conciliation Act 1996, Section 2(1)(a)_
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