Arbitration and Conciliation Act : Costs. Indian Bare Acts :

Arbitration and Conciliation Act,1996

Act No : 26

Section : Costs.

78. Costs. (1) Upon termination of the conciliation proceedings, the conciliator shalt fix the costs of the conciliation and give written notice thereof to the parties. (2) For the purpose of sub-section (1), "costs" means reasonable costs relating to- (a) the fee and expenses of the conciliator and witnesses requested by the conciliator, with the consent of the parties; (b) any expert advice requested by (he conciliator with the consent of (he parties; (c) any assistance provided pursuant to clause (b) of sub- section (2) of section 64 and section 68; (d) any other expenses incurred in connection with the conciliation proceedings and the settlement agreement. (3) The costs shall be borne equally by the parties unless the settlement agreement provides for a different apportionment. All other expenses incurred by a party shall be borne by that party.