New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    When a conciliation is ongoing on a subject matter of

    dispute between the parties, ____________
    A parties may still initiate arbitral proceedings on it Correct Answer Incorrect Answer
    B parties may still initiate arbitral proceedings on it Correct Answer Incorrect Answer
    C parties may not initiate arbitral proceedings on it Correct Answer Incorrect Answer
    D parties may not initiate judicial proceedings on it. Correct Answer Incorrect Answer
    E parties may not initiate arbitral or judicial proceedings on it. Correct Answer Incorrect Answer

    Solution

    S. 77.Resort to arbitral or judicial proceedings.— The parties shall not initiate, during the conciliation proceedings, any arbitral or judicial proceedings in respect of a dispute that is the subject-matter of the conciliation proceedings except that a party may initiate arbitral or judicial proceedings where, in his opinion, such proceedings are necessary for preserving his rights.

    Practice Next