Section 7(1)(ix) in Commercial Courts (Pre-Institution Mediation and Settlement) Rules, 2018
(ix)Where no settlement is arrived at between the parties within the time specified in the sub-section (3) of section 12A of the Act or where the Mediator is of the opinion that the settlement is not possible, the Mediator shall submit a report to the Authority, with reasons in writing, as per Form-5 specified in Schedule-I.