Question
Legal Studies Question on Law of Torts
Which of the following assertion is incorrect?
in fast-track arbitration under the Arbitration and Conciliation Act, 1996 an oral hearing may be held only if all the parties make a request or if the arbitral tribunal considers it necessary to have an oral hearing for clarifying certain issues
an arbitral award shall be made in writing and shall be signed by members of the arbitral tribunal
seat of arbitration and venue of the arbitration are one and the same concept
a judicial authority shall not refer an action to arbitration if it finds that prima facie no valid arbitration agreement exists
seat of arbitration and venue of the arbitration are one and the same concept
Solution
The correct answer is option (C):seat of arbitration and venue of the arbitration are one and the same concept.