Act Number: 26

Act Name: The Arbitration and Conciliation Act, 1996

Year: 1996

Enactment Date: 1996-08-16

Long Title: An Act to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto.

Ministry: Ministry of Law and Justice

Department: Department of Legal Affairs

Section 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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