Rule 16-Companies (Mediation and Conciliation) Rules, 2016 | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR

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28.1.16: The Companies (Mediation and Conciliation) Rules, 2016

16. Offer of settlement by parties

(1) Any party to the proceeding may,” without prejudice” offer a settlement to the other party at any stage of proceedings, with a notice to the mediator or conciliator.

(2) Any party to the proceeding may make a, “with prejudice” offer to the other party at any stage of the proceedings with a notice to the mediator or conciliator.