management AIBE Mock Test Series Arbitration And Conciliation Act Part 1 - Arbitration Recourse Against Arbitral Award
An arbitration award under the Arbitration and Conciliation Act, 1996:
1
Has the status of a decree immediately on publication/pronouncement thereof
2
Does not have the status of a decree
3
Has the status of a decree only after the time of three months for making an application to set aside the same has expired or such application having been made has been refused
4
Has the status of a decree only after time of three months and a further period of 30 days for making an application to set aside the same have expired or such application having been made has been refused.