Attempts By Arbitrator To Reach Settlement Cant Be Termed As 'Conciliation Proceeding' Under Part III: Calcutta High Court

In a recent judgment by the High Court at Calcutta, a significant legal point concerning arbitration and conciliation was addressed, shedding light on the dual roles and responsibilities of an arbitrator. The case, titled MFAR Constructions Private Limited Vs. Bengal Shristi Infrastructure Development Limited, delved into the intricacies of Section 30 of the Arbitration and Conciliation Act, 1996. Case Background: The dispute arose from an arbitral award dated 29th December,…