Which one of the following is an incorrect statement ?
A
Conciliation means settling of disputes without litigation.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
The conciliators do not engage in any formal hearing.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
The party comes to settlement only when the award is made by the conciliator.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is C The party comes to settlement only when the award is made by the conciliator. Conciliation is one of the non-binding and informal procedures where an impartial third party, known as the conciliator, assist the parties to a dispute in reaching a mutually agreed settlement of the dispute without any litigation. And as conciliation is non-binding in nature, there is no compulsion on the party to reach a settlement only after award made by the Conciliator.