Good faith participation required in mediation proceedings; parties must engage honestly with intent to settle disputes. Rule 20 requires that all parties in proceedings under the Companies (Mediation and Conciliation) Rules, 2016 commit to participate in the process in good ... Summary
Good faith participation required in mediation proceedings; parties must engage honestly with intent to settle disputes.
Rule 20 requires that all parties in proceedings under the Companies (Mediation and Conciliation) Rules, 2016 commit to participate in the process in good faith with a genuine intention to settle the dispute, imposing a procedural obligation to engage honestly and pursue settlement efforts rather than obstructive conduct.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.