https://www.taxtmi.com/caselaws?id=108509 The Supreme Court upheld the High Court's decision, dismissing the appeal regarding the enforceability of a Letter of Comfort as an arbitration award under the Arbitration and Conciliation Act, 1996. The Court found that the Letter of Comfort did not meet the statutory requirements to be considered an arbitration award. Additionally, the Memorandum of Conciliation and the Letter of Comfort did not comply with procedural requirements, were not treated as a binding settlement agreement, and failed to terminate conciliation proceedings properly. As a result, the documents could not be enforced as a settlement agreement or arbitral award. en-us Wed, 12 Mar 2003 00:00:00 +0530 Mon, 19 Aug 2013 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108509 The Supreme Court upheld the High Court's decision, dismissing the appeal regarding the enforceability of a Letter of Comfort as an arbitration award under the Arbitration and Conciliation Act, 1996. The Court found that the Letter of Comfort did not meet the statutory requirements to be considered an arbitration award. Additionally, the Memorandum of Conciliation and the Letter of Comfort did not comply with procedural requirements, were not treated as a binding settlement agreement, and failed to terminate conciliation proceedings properly. As a result, the documents could not be enforced as a settlement agreement or arbitral award. Case-Laws Companies Law Wed, 12 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108509