Bare Acts  | Legal Resources  | Lawyer Locater  | Articles  | Legal Dictionary  | Download Ticker  | Subscription  | Latest Judgement   Home   |   E-Journal  |  Sign-In  | Contact Us  | Disclaimers

Supreme Court of India
 Search Tips
Arbitration Law
Bare Acts
The Arbitration and Conciliation Act, 1996
Section 51-THE THIRD SCHEDULE
Section 51
Section 52
Section 53
Section 54
Section 55
Section 56
Section 57
Section 58
Section 59
Section 60
Section 61
Section 62
Section 63
Section 64
Section 65
Section 66
Section 67
Section 68
Section 69
Section 70
Section 71
Section 72
Section 73
Section 74
Section 75
Section 76
Section 77
Section 78
Section 79
Section 80
Section 81
Section 82
Section 83
Section 84
Section 85
Section 86
Section THE FIRST SCHEDULE
Section THE SECOND SCHEDULE
Section THE THIRD SCHEDULE
Section 73- Settlement agreement

When it appears to the conciliator that there exist elements of a settlement which may be acceptable to the parties he shall formulate the terms of a possible settlement and submit them to the parties for their observations. After receiving the observations of the parties the conciliator may reformulate the terms of a possible settlement in the light of such observations.
If the parties reach agreement on a settlement of the dispute they may draw up and sign a written settlement agreement. If requested by the parties the conciliator may draw up or assist the parties in drawing up the settlement agreement.
When the parties sign the settlement agreement it shall be final and binding on the parties and persons claiming under them respectively.
The conciliator shall authenticate the settlement agreement and furnish a copy thereof to each of the parties.
@2014 Indian Law

Our Ventures