INTERIM AWARD under Arbitration Act 1996:
Ano interim (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6))
Bone award only (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6))
Conly final (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6)) (cf. Arbitration and Conciliation Act 1996, Section 31(6))
DSection 31(6): The arbitral tribunal MAY, at any time during the arbitral proceedings, MAKE AN INTERIM AWARD on any matter with respect to which it may make a FINAL AWARD
Answer & Solution
Correct answer: D. Section 31(6): The arbitral tribunal MAY, at any time during the arbitral proceedings, MAKE AN INTERIM AWARD on any matter with respect to which it may make a FINAL AWARD
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
In SBP & Co. v. PATEL ENGINEERING LTD (2005) 8 SCC 618, the Supreme Court held that the JUSection 28 Arbitration Act 1996 specifies APPLICABLE LAW:Section 39 Arbitration Act 1996 grants the arbitral tribunal LIEN on the:Section 38 Arbitration Act 1996 (DEPOSITS) requires parties to:DOMESTIC ARBITRATION versus INTERNATIONAL COMMERCIAL ARBITRATION:Section 21 Arbitration Act 1996 defines COMMENCEMENT OF ARBITRATION as:Section 43 Arbitration Act 1996 (LIMITATION) provides that the period of LIMITATION ACT 19Section 37 Arbitration Act 1996 lists APPEALABLE ORDERS: