Arbitration and conciliation


This query is : Resolved 

(Querist)
18 February 2014 what is the difference between arbitration and conciliation? does it have any legal recognition?

pranav (Expert)
19 February 2014 Refer arbitration and conciliation act, 1996 for details.

pranav (Expert)
19 February 2014 Arbitration is formal and conculiation is not. Concilaition is more of friendly kind of ways to solve dispute


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