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.
Central Act · India · Part III — CONCILIATION
Section 74 Status and effect of settlement agreement
Arbitration and Conciliation Act, 1996 · Edition: India Code central text incorporating the 2021 amendment
Judgments on Section 74
LOK 2003 (3) SC 1214 · Supreme Court of India
Mysore Cements Ltd. v. Svedala Barmac Ltd.
Equivalent citations: 2003 (10) SCC 375 : 2003 (1) RAJ 487 : AIR 2003 SC 3493 : 2003 (5) JT 103 : 2003 (3) Scale 201 : 2003 (3) Supreme 283 : 2003 (2) SLT 777 : 2003 (6) SRJ 128 : 2003 (1) ArbLR 651 : 2003 (2) KHCACJ 324 : 2003 (1) SCW 2007
Subject–
ActsArbitration and Conciliation Act, 1996 (Sections 30, 36 and 74)