management AIBE Mock Test Series Arbitration And Conciliation Act Part 1 - Arbitration Composition Of Arbitral Tribunal
Under the Arbitration and Conciliation Act, 1996:
1
Presiding Arbitrator replaces the Umpire of the old Act
2
Presiding Arbitrator is a part and parcel of the Arbitral Tribunal, while Umpire under the old Act was a third person
3
Presiding Arbitrator makes award along with panel of arbitrators, while Umpire could make award single-handedly when the appointed arbitrators had failed to arrive at a consensus
4
All are correct.