2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7 days
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8 days
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10 days
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90 days
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Detailed explanation-1: -The outcome of the mediation process in the form of a Mediation Settlement Agreement (MSA) will be legally enforceable and can be registered with the State/district/taluk legal authorities within 90 days to ensure authenticated records of the settlement.
Detailed explanation-2: -A party may withdraw from mediation after two mediation sessions. The mediation process must be completed within 180 days, which may be extended by another 180 days by the parties.
Detailed explanation-3: -The non-binding nature of mediation means also that a decision cannot be imposed on the parties. In order for any settlement to be concluded, the parties must voluntarily agree to accept it.
Detailed explanation-4: -The Arbitration and Conciliation Act stipulates that a written settlement agreement must be drafted and signed under Section 73. When the settlement agreement is being signed, the parties must also confirm it. This is final and legally binding on the parties requesting it.