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CS Professional · Arbitration, Mediation and Conciliation · Arbitration Procedure, Appointment of an Arbitrator and Other Aspects

Verma Pharma Ltd and Bose Labs Pvt Ltd agree in writing, before the tribunal is appointed, to fast track procedure with a sole arbitrator. Which statement is correct?

Under fast track procedure the tribunal decides on written pleadings, documents and submissions without oral hearing. A hearing is held only if all parties request it or the tribunal thinks it necessary. The award is due within six months, and fees are as agreed.

  1. AThe tribunal decides on written pleadings and documents without oral hearing unless all parties request one or it considers one necessaryCorrect
  2. BAn oral hearing is compulsory in every case
  3. CThe award must be made within twelve months
  4. DThe arbitrator's fees are fixed by the Fourth Schedule

Explanation

Under the fast track procedure the dispute is decided on written material; oral hearing only if all parties request it or the tribunal considers it necessary. The award is due within six months of entering upon the reference, and fees are as agreed between arbitrator and parties.

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