Question

What is Arbitral Award​

Answer 1

Answer:

Explanation:

Arbitral awards refer to the decision of an arbitral tribunal, whether in a domestic or international arbitration. Arbitral awards include interim awards. Domestic awards are governed by Part I whereas foreign awards are governed by part II of the Arbitration and Conciliation Act of India.

Answer 2

Answer:

An arbitration award is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. It is referred to as an 'award' even where all of the claimant's claims fail, or the award is of a non-monetary nature.

Explanation:

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