n NISM Certifications
VII NISM Series VII
Medium

Upon issuance of an arbitral award, the party against whom it is passed must submit an intention to challenge within ______ calendar days.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 7

    Correct answer

  2. B

    14

  3. C

    21

  4. D

    30

Why this is the answer

Under Section 34 of the Arbitration Act, the party must indicate intention to challenge the award within 7 calendar days on the Online Dispute Resolution Portal.

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NISM Series VII Mock Test 2