Question

The provision which provides for mutual settlement of dispute by parties before the arbitral tribunal is laid down under _______________.

• A. section $24$
• B. section $30$
• C. section $29$
• D. section $27$

Answer 1

Answer: (B)

section $30$

Section $24$ of the Arbitration and Conciliation Act, $1996$ provides for procedure of hearing and written proceedings in arbitration and the arbitral tribunal shall decide whether to hold oral hearings for the presentation of evidence or for oral argument, or whether the proceedings shall be conducted on the basis of documents and other materials

Section $27$ of the act provides for the assistance by Court in taking evidence

Section $29$ says that in case of arbitral proceedings with more than one arbitrator, any decision of the arbitral tribunal shall be made by a majority of all its members.

Section $30$ of the Act provides for mutual settlement of dispute which says that the tribunal can only encourage settlement on agreement between the parties and may use mediation, conciliation or other procedures at any time during the arbitral proceedings to encourage settlement.