Bare Act · Arbitration and Conciliation Act, 1996 · Part III
Part III · Sections
61 · Application and scope.
62 · Commencement of conciliation...
63 · Number of conciliators.
64 · Appointment of conciliators.
65 · Submission of statements to...
66 · Conciliator not bound by certain...
67 · Role of conciliator.
68 · Administrative assistance.
69 · Communication between conciliator...
70 · Disclosure of information.
71 · Co-operation of parties with...
72 · Suggestions by parties for...
73 · Settlement agreement.
74 · Status and effect of settlement...
75 · Confidentiality.
76 · Termination of conciliation...
77 · Resort to arbitral or judicial...
78 · Costs.
79 · Deposits.
80 · Role of conciliator in other...
81 · Admissibility of evidence in other...
74
Status and effect of settlement agreement.
The settlement agreement shall have the same status and effect as if it is an arbitral award on agreed terms on the substance of the dispute rendered by an arbitral tribunal under section 30.
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