Conciliation proceedings terminate
Verified Answer
A. By a written declaration of the conciliator to effect that further efforts at conciliation are no longer justified
B. By a written declaration of the parties addressed to the conciliator that the conciliation proceedings are terminated
C. By a written declaration of a party to the other party and the conciliator that the conciliation proceedings are terminated
D. By the signing of settlement agreement by parties
Explanation:
As per Section 76 of the Arbitration and Conciliation Act, 1996, conciliation proceedings terminate upon the signing of the settlement agreement by the parties. This represents a successful conclusion to the conciliation process. While options A, B, and C also describe valid ways for conciliation to terminate, option D signifies the desired outcome.