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Section 79: Deposits

The Arbitration & Conciliation Act 1996State Act of Punjab · Act 26 of 1996

(1) The conciliator may direct each party to deposit an equal amount as an advance for the costs referred to in sub-section (2) of section 78 which he expects will be incurred.

(2) During the course of the conciliation proceedings, the conciliator may direct supplementary deposits in an equal amount from each party.

30

(3) If the required deposits under sub-sections (1) and (2) are not paid in full by both parties within thirty days, the conciliator may suspend the proceedings or may make a written declaration of termination of the proceedings to the parties, effective on the date of that declaration.

Where this provision sits

ActThe Arbitration & Conciliation Act 1996
Section79
Marginal noteDeposits
JurisdictionState of Punjab
StatusIn force as published by the source

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