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Arbitration and conciliation

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(Querist)
18 February 2014 what is the difference between arbitration and conciliation? does it have any legal recognition?
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pranav

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pranav (Expert)
19 February 2014 Refer arbitration and conciliation act, 1996 for details.
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pranav

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pranav (Expert)
19 February 2014 Arbitration is formal and conculiation is not. Concilaition is more of friendly kind of ways to solve dispute
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