The conciliator shall establish the terms of the settlement agreement on the basis of his findings during the conciliation proceedings, as well as on the basis of the written statements and supporting documents of the parties. If so, the same will be forwarded to the parties for comment and, if so, a reformulated settlement agreement will be prepared on the basis of those comments.1 A single Delhi High Court judges bank has recently been established, in the case of Anuradha SA Investments LLC & Anr. v Parsvnath Developers Limited & Ors.4 also considered the concept of a settlement agreement in the context of an arbitral award. The Tribunal was given the opportunity to take up the enforcement of a settlement agreement as an arbitral award. The respondents had challenged the state of alert of the petition on the grounds that the settlement agreement was not an agreement under section 73 of the Act or as a result of the conciliation procedure provided for in Part III of the Act. They also claim that they have not received a certified copy of the settlement agreement and that the agreement in question is not sufficiently stamped. Interpretation in the other course may provide a likely solution. A legitimate literature treats a conciliation agreement as an arbitral award, but there is nothing in the law that, in such cases, obliges the court to consider conciliation as an arbitration proceeding or a conciliator as an arbitral tribunal, and, therefore, even if such a claim is made, it would be limited to only two reasons, namely the failure of the parties and the deviation of the sentence from local politics, which prevents the extent of such an object of prevention. Challenge. Another possible solution to this issue would be to amend the Arbitration and Conciliation Act 1996, by stipulating in section 36 of the Act that a fixed-term arbitral award would be immediately enforceable. On the other hand, the conciliation procedure should take some time between the phase of requesting conciliation of a party until the final phase of closure of the procedure.
The limitation period may even extend to a few months, which may result in the expiry of the limitation period and, second, predicting that section 34 of the law would not be appropriate for an arbitral award on agreed terms/conciliation agreement. . . .