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Supreme Court of India
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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 79- Deposits

The conciliator may direct each party to deposit an equal among as an advance for the costs referred to in sub-section (2) of section 78 which he expects will be incurred.
During the course of the conciliation proceedings the conciliator may direct supplementary deposits in an equal amount from each party.
If the required deposits under sub-sections (1) and (2) are not paid in full by both parties within thirty days the conciliator may suspend the proceedings or may make a written declaration of termination of the proceedings to the parties effective on the date of that declaration.
Upon termination of the conciliation proceedings the conciliator shall render an accounting to the parties of the deposits received and shall return any unexpended balance to the parties.
@2014 Indian Law

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