n NISM Certifications
VII NISM Series VII
Medium

A party aggrieved by the appellate arbitral award may file an application to the Court of competent jurisdiction – True or False?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

After the appellate panel of the stock exchange, aggrieved parties may appeal to the court under Section 34 of the Arbitration & Conciliation Act, 1996.

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NISM Series VII Mock Test 5