Law · Arbitration and Conciliation Act, 1996
In a three-member arbitral tribunal constituted under the Arbitration and Conciliation Act, 1996, where each party appoints one nominee arbitrator and the two nominees appoint the presiding arbitrator, which of the following statements is legally correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All three arbitrators are statutorily bound to remain independent and impartial, irrespective of who nominated or appointed them✓
- 2The presiding arbitrator holds an absolute veto power over all administrative and substantive decisions regardless of the majority
- 3Nominee arbitrators must switch roles and protect the opposing party's interest to balance the tribunal
- 4Nominee arbitrators are expected to act as advocates to protect the interests of the party that nominated them
Correct answer
All three arbitrators are statutorily bound to remain independent and impartial, irrespective of who nominated or appointed them
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