When pursuing online arbitration, the Online Dispute Resolution (ODR) Institution shall appoint a sole independent arbitrator within _____ calendar days of reference and receipt of fees.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

A

3
5

Correct answer
C

7
D

15

Why this is the answer

Under SEBI’s ODR framework, the ODR Institution must appoint a sole independent arbitrator within 5 calendar days of reference and fee receipt to ensure timely dispute resolution.

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