Settlement procedure: Commission may accept, seek revision, or reject applications and resume inquiry if timelines lapse. A complete Settlement Application must be placed before the Commission within seven working days; the inquiry stays in abeyance while under consideration. The Commission may request revisions, seek objections, and either accept the proposal and close proceedings under sub-section (3) of section 48A subject to implementation and monitoring terms, or reject and resume the inquiry under section 26. The Commission will communicate the computed Settlement Amount for acceptance and payment within prescribed periods, conclude settlement within 180 working days (subject to extension), and may reject applications for non-response or breach of undertakings, after affording a hearing where required.
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Provisions expressly mentioned in the judgment/order text.
Settlement procedure: Commission may accept, seek revision, or reject applications and resume inquiry if timelines lapse.
A complete Settlement Application must be placed before the Commission within seven working days; the inquiry stays in abeyance while under consideration. The Commission may request revisions, seek objections, and either accept the proposal and close proceedings under sub-section (3) of section 48A subject to implementation and monitoring terms, or reject and resume the inquiry under section 26. The Commission will communicate the computed Settlement Amount for acceptance and payment within prescribed periods, conclude settlement within 180 working days (subject to extension), and may reject applications for non-response or breach of undertakings, after affording a hearing where required.
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