Section 442 of CA 2013 : Section 442: Mediation And Conciliation Panel

CA 2013

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Explanation using Example

Imagine a scenario where Company A has filed a complaint against Company B with the National Company Law Tribunal (NCLT) over a dispute regarding a breach of contract. During the proceedings, both companies realize that a lengthy legal battle may not be in their best interests and that it might be more beneficial to settle the matter amicably.

Company A proposes to Company B that they should consider mediation to resolve the dispute. Company B agrees, and they jointly apply to the NCLT for referrin...

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