Question

Which of the following is incorrect with respect to arbitration agreement as per the Arbitration and Conciliation Act, 1996?

• A. Arbitration agreement may be written as well as oral.
• B. Arbitration agreement may be in the form of a separate agreement.
• C. Arbitration agreement may be in the form of an arbitration clause in a contract.
• D. Arbitration agreement may be for all or certain disputes which may arise between the parties.

Answer 1

The Correct Option is A

According to the Arbitration and Conciliation Act, 1996, an arbitration agreement must be in writing. Oral agreements are not recognized as valid arbitration agreements under the Act.