Section 33 Arbitration Act 1996 provides for CORRECTION AND INTERPRETATION of award:
AWITHIN 30 DAYS from receipt of award, a party may request the tribunal to (a) CORRECT any computation, clerical, typographical errors; (b) give an INTERPRETATION of a specific point — tribunal may also correct on its own initiative within 30 days
Bno correction (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33)
Conly after years (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33)
Dby court only (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33) (cf. Arbitration and Conciliation Act 1996, Section 33)
Answer & Solution
Correct answer: A. WITHIN 30 DAYS from receipt of award, a party may request the tribunal to (a) CORRECT any computation, clerical, typographical errors; (b) give an INTERPRETATION of a specific point — tribunal may also correct on its own initiative within 30 days
1. Section 33 Arbitration and Conciliation Act 1996 provides for CORRECTION AND INTERPRETATION of arbitral awards:
2. (1) Within 30 days from receipt of the award, unless another period of time has been agreed by the parties:
3. (a) a party may request the arbitral tribunal to CORRECT any COMPUTATIONAL ERRORS, any CLERICAL or TYPOGRAPHICAL ERRORS, or any OTHER ERRORS OF SIMILAR NATURE in the award;
4. (b) IF AGREED by the parties, a party MAY request the arbitral tribunal to GIVE AN INTERPRETATION of a SPECIFIC POINT OR PART of the award.
5. (2) If the tribunal considers the request justified, it shall make the correction or give the interpretation within 30 days.
6. (3) The arbitral tribunal may CORRECT any error of the type referred to in (1)(a) on its OWN INITIATIVE within 30 days of the date of the award.
7. (4) The party may, within 30 days of receipt of the award, with notice to the other party, request the arbitral tribunal to make an ADDITIONAL AWARD as to claims presented in the proceedings but omitted from the award.
8. (5) The arbitral tribunal may extend the period within which it shall make a correction, give an interpretation or make an additional award.
9. Hence option B is correct.
_Source: Arbitration and Conciliation Act 1996 (Bare Act) + Mediation Act 2023 — Arbitration and Conciliation Act 1996, Section 33_
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