The team prevailing in the Grand Finals will be crowned the Winner of XI NLSTIAM. The losing finalist will be crowned the Runner-Up. There shall be an award for the Best Claimant Memorandum and the Best Respondent Memorandum. The speaker with the highest cumulative score in the Preliminary Rounds will be given the award of the Best Individual Oralist. The meritorious participants will be awarded with the latest edition books on arbitration, internships at the Secretariat of SIAC and awards worth over INR 200,000.