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

Mehta Infra Ltd and Bharat Steel Ltd agree in writing to fast track arbitration. The tribunal enters upon the reference on 1 March. By which date must the award be made under the fast track provision, failing which the extension provisions apply?

The award must be made within six months from the date the tribunal enters upon the reference. Entering on 1 March, the deadline is 31 August. If missed, sub-sections (3) to (9) of section 29A apply to the proceedings.

  1. A31 August of the same year, that is within six monthsCorrect
  2. B28 February of the next year, that is within twelve months
  3. C31 May of the same year, that is within three months
  4. D30 September of the same year, that is within seven months

Explanation

Section 29B(4) requires the award within six months from the date the tribunal enters upon the reference. Six months from 1 March ends on 31 August. The twelve-month period is not the fast track period.

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