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CS Professional · Arbitration, Mediation and Conciliation · Conciliation Proceedings and International Perspective of Conciliation

Vindhya Cements Ltd (Indore) and Baltic Cement UAB (Lithuania) are in conciliation with a conciliator. Without any joint decision, Baltic sends a written declaration terminating the proceedings to Vindhya and the conciliator. On which date do the proceedings terminate?

The proceedings terminate on the date of Baltic's written declaration. Under Section 76(d), a party may end conciliation by written declaration to the other party and the conciliator, and termination takes effect on that declaration's date, without needing consent.

  1. AOn the date the conciliator accepts the declaration
  2. BOn the date of Baltic's declarationCorrect
  3. CThirty days after the declaration
  4. DThey continue until both parties sign a declaration

Explanation

Under Section 76(d), a written declaration by a party to the other party and the conciliator, if appointed, terminates the proceedings on the date of the declaration. No acceptance, waiting period or joint declaration is required.

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