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    Question

    A settlement agreement shall have the same effect and

    status like that of _________.
    A an arbitral award. Correct Answer Incorrect Answer
    B an arbitration agreement. Correct Answer Incorrect Answer
    C a decree. Correct Answer Incorrect Answer
    D an order. Correct Answer Incorrect Answer
    E an order of settlement. Correct Answer Incorrect Answer

    Solution

    S. 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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