Provided that a minimum period of date of request or application for compromise before a Court and the Court can accept a request for compounding
Court [except a decree or order expressed to be made on a compromise and comprising immovable property other than that which is the subject-matter
case may be, an order of any other court and where a compromise or settlement has been arrived at, by a Lok Adalat
proceed to dispose of the case or matter and arrive at a compromise or settlement between the parties. (4) Every Lok Adalat shall, while determining ... under this Act, act with utmost expedition to arrive at a compromise or settlement between the parties and shall be guided by the principles
made to the [[Tribunal] under section 391 for the sanctioning of a compromise or arrangement proposed between a company and any such persons ... Section 41, for " Court" .] ,- (a) that the compromise or arrangement has been proposed for the purposes of, or in connection with, a scheme
Adalat shall have jurisdiction to determine and to arrive at a compromise or settlement between the parties to a dispute in respect
Section 391 in The Companies Act, 1956
391. Power to compromise or make arrangements with creditors and members .-
(1) Where a compromise or arrangement ... proxy, at the meeting, agree to any compromise or arrangement, the compromise or arrangement shall, if sanctioned by the [Tribunal] [ Substituted
provisions of that Act; (d) for mediation, the Court shall effect a compromise between the parties and shall follow such procedure as may be prescribed
shall be sent also a statement setting forth the terms of the compromise or arrangement and explaining its effect, and in particular, stating any material ... company or otherwise, and the effect on those interests, of the compromise or arrangement, if, and in so far as, it is different from
been adjusted wholly or in part by any lawful agreement or compromise in writing and signed by the parties or where the defendant has repaid ... claim of the applicant, the Tribunal shall pass orders recording such agreement, compromise or satisfaction of the claim.] [Inserted