Q: In which chapters is the foreign award mentioned ?
Ans: The part 2 comprises of two chapters i.e. chapter 1: New York Convention Awards and Chapter 2 : Geneva Convention Awards.
Q: What is an arbitration agreement in Arbitration and Conciliation Act, 1996 ?
Ans: The definition of Arbitration Agreement is defined under section 2(1)(b) of Arbitration and Conciliation Act, 1996. According to section 7 of Arbitration and Conciliation Act, 1996, an “arbitration agreement” means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not. Arbitration agreement must be in the form of Arbitration clause or Seperate Agreement as per section 7(2) of Arbitration and Conciliation Act, 1996.
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