Q: What is an interim award in arbitration award ?
Ans: The definition of Arbitration Award is given under section 2(1)(c) of Arbitration and Conciliation Act, 1996. According to Section 2(1)(c) of Arbitration and Conciliation Act, 1996 , an arbitration award includes an interim award.
Interim award is a temporary award until the tribunal has given its final decision. Section 17 of arbitration and conciliation act mentions about the interim orders or interim award.
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