Law · Arbitration and Conciliation Act
Under the Arbitration and Conciliation Act, 1996, which of the following statements correctly distinguishes the Presiding Arbitrator from the 'Umpire' concept of the old 1940 Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the statements are correct.✓
- 2The Presiding Arbitrator makes the award along with the panel, while the Umpire could make an award single-handedly when appointed arbitrators disagreed.
- 3The Presiding Arbitrator is part of the Arbitral Tribunal, whereas the Umpire under the old Act was a third person.
- 4The Presiding Arbitrator replaces the role of the Umpire of the old Act.
Correct answer
All of the statements are correct.
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