Question

Section $30$ of the Act lays down the provision for:

• A. mutual settlement of disputes by parties before the arbitral Tribunal
• B. form and content of the interim award
• C. termination of the proceedings of an arbitral Tribunal
• D. correction and interpretation of an arbitral Tribunal

Answer 1

The correct option is A mutual settlement of disputes by parties before the arbitral Tribunal

Section 30 of the act talks about settlement during arbitration. It says that, arbitral tribunal shall encourage settlement of the dispute and, with the agreement of the parties; the arbitrat tribunal may use mediation, conciliation or other procedures at any time during the arbitral proceedings to encourage settlement. If, during, arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an award on agreed terms.