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Consider the following statements:
Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can be initiated in the Supreme Court.
Under Article 143, it is compulsory for the Supreme Court to give its advice.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements: Under the Arbitration and Conci...
- The Supreme Court, under Article 136, enjoys the power of granting special leave to appeal from any judgement, decree, order or sentence in any case or matter passed by any Court or Tribunal, except Court Martial.
- Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can also be initiated in the Supreme Court. Under Article 143, the President can refer to the Supreme Court either a question of law or a question of fact, provided that it is of public importance. However, it is not compulsory for the Court to give its advice.
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Community Answer
Consider the following statements: Under the Arbitration and Conci...
Correct answer: A) 1 only
Explanation:
1. International Commercial Arbitration can be initiated in the Supreme Court under the Arbitration and Conciliation Act, 1996.
- The Arbitration and Conciliation Act, 1996 provides for international commercial arbitration in India.
- The Act allows parties to choose the place of arbitration, which can be in India or abroad.
- International commercial arbitration can be initiated in the Supreme Court of India, High Court or any other court that has jurisdiction over the matter.
- The Supreme Court can act as a court of first instance or as an appellate court in international commercial arbitration cases.
- The Supreme Court can also appoint arbitrators in cases where parties fail to do so.
2. Under Article 143, it is compulsory for the Supreme Court to give its advice.
- Article 143 of the Indian Constitution gives the President of India the power to seek the advice of the Supreme Court on any question of law or fact that has arisen or is likely to arise.
- However, it is not compulsory for the Supreme Court to give its advice. The court has the discretion to refuse to give its advice on a particular matter.
- The advice given by the Supreme Court under Article 143 is not binding on the President or any other authority. It is merely advisory in nature.
Therefore, the correct answer is option A) 1 only, as only the first statement is correct.
Explanation:
1. International Commercial Arbitration can be initiated in the Supreme Court under the Arbitration and Conciliation Act, 1996.
- The Arbitration and Conciliation Act, 1996 provides for international commercial arbitration in India.
- The Act allows parties to choose the place of arbitration, which can be in India or abroad.
- International commercial arbitration can be initiated in the Supreme Court of India, High Court or any other court that has jurisdiction over the matter.
- The Supreme Court can act as a court of first instance or as an appellate court in international commercial arbitration cases.
- The Supreme Court can also appoint arbitrators in cases where parties fail to do so.
2. Under Article 143, it is compulsory for the Supreme Court to give its advice.
- Article 143 of the Indian Constitution gives the President of India the power to seek the advice of the Supreme Court on any question of law or fact that has arisen or is likely to arise.
- However, it is not compulsory for the Supreme Court to give its advice. The court has the discretion to refuse to give its advice on a particular matter.
- The advice given by the Supreme Court under Article 143 is not binding on the President or any other authority. It is merely advisory in nature.
Therefore, the correct answer is option A) 1 only, as only the first statement is correct.
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Consider the following statements: Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can be initiated in the Supreme Court. Under Article 143, it is compulsory for the Supreme Court to give its advice. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements: Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can be initiated in the Supreme Court. Under Article 143, it is compulsory for the Supreme Court to give its advice. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can be initiated in the Supreme Court. Under Article 143, it is compulsory for the Supreme Court to give its advice. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can be initiated in the Supreme Court. Under Article 143, it is compulsory for the Supreme Court to give its advice. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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