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

    Question

    What may happen if the parties reach an agreement on a

    settlement of the dispute?
    A The conciliator must draw up the settlement agreement without any party request Correct Answer Incorrect Answer
    B The parties must submit the settlement agreement to a court for validation Correct Answer Incorrect Answer
    C The parties may draw up and sign a written settlement agreement, and the conciliator can assist if requested Correct Answer Incorrect Answer
    D The conciliator must sign the settlement agreement on behalf of the parties Correct Answer Incorrect Answer
    E The parties cannot request the conciliator's assistance in drawing up the settlement agreement Correct Answer Incorrect Answer

    Solution

    Arbitration and Conciliation Act Section 73. Settlement agreement: (2) 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.

    Practice Next

    Relevant for Exams: