Arbitration And Conciliation Act, 1996

1. Omitted by the Mediation Act, 2023, with effect from a date yet to be notified. Prior to its omission, section 74 read as under :

"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."