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CS Professional · Arbitration, Mediation and Conciliation · Emerging Aspects: Fast Track and Virtual Arbitration

Arjun Logistics and Bharat Cold Storage agreed on a fast track procedure and wish the tribunal to be a sole arbitrator. Under section 29B, who is the sole arbitrator in such a case?

The sole arbitrator is one chosen by the parties. Section 29B(2) allows parties who opt for fast track to agree on a sole arbitrator, and the provision states that the arbitrator is chosen by them rather than appointed by a court or any authority.

  1. AOne chosen by the partiesCorrect
  2. BOne appointed by the High Court
  3. COne nominated by the Central Government
  4. DOne chosen by the senior-most arbitrator in the institution

Explanation

Section 29B(2) provides that parties agreeing to fast track may agree that the tribunal consists of a sole arbitrator who shall be chosen by the parties. Court or government appointment is not the stated route.

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