INTERIM AWARD under Arbitration Act 1996:
Answer & Solution
Correct answer: D.
1. Section 31(6) Arbitration and Conciliation Act 1996:
2. 'The arbitral tribunal MAY, at any time during the arbitral proceedings, MAKE AN INTERIM ARBITRAL AWARD on any matter with respect to which it may make a final arbitral award.'
3. PURPOSE:
4. (i) Decide PRELIMINARY ISSUES (jurisdiction, applicable law);
5. (ii) Decide INTERIM ENTITLEMENTS;
6. (iii) Award PARTS of claim;
7. (iv) DISPOSE of parts of dispute to expedite final award.
8. ENFORCEABILITY: interim award is enforceable like a final award (Section 36).
9. CHALLENGE: can be challenged under Section 34 as a separate award.
10. Hence option B is correct.
_Source: Arbitration and Conciliation Act 1996 (Bare Act) + Mediation Act 2023 — Arbitration and Conciliation Act 1996, Section 31(6)_
Related questions
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