Section 78 of ACA : Section 78: Costs
ACA
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Explanation using Example
Imagine Sarah and Raj are business partners who have a dispute over the division of profits from their joint venture. They decide to engage in conciliation to resolve their conflict instead of going to court. After several sessions, they reach an agreement with the help of their conciliator, Mr. Aman.
As per Section 78 of The Arbitration and Conciliation Act, 1996, once they have reached an agreement and the conciliation proceedings are over, Mr. Aman calculates ...
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