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CS Professional · Arbitration, Mediation and Conciliation · Introduction to Conciliation and its Importance for MSMEs

During conciliation between Mehta Steels and Nair Traders, the conciliator, after consulting both parties, concludes that further efforts are no longer justified and records this in a signed written declaration dated 12 March. On which date do the conciliation proceedings terminate under the Act?

The proceedings terminate on 12 March. A conciliator's written declaration, made after consulting the parties, that further conciliation efforts are no longer justified ends the conciliation on the date of that declaration. No waiting period or confirmation by any authority applies.

  1. AOn the date the parties next meet
  2. BOn 12 March, the date of the conciliator's declarationCorrect
  3. CThirty days after 12 March
  4. DOn the date the Tribunal confirms the declaration

Explanation

Proceedings terminate by a written declaration of the conciliator, after consultation with the parties, that further efforts are no longer justified, and termination takes effect on the date of the declaration. No later confirmation or waiting period is prescribed.

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