Section 49 of Mediation Act 2023 - Mediated settlement agreement where Government or its, agency, etc., is a party

Section 49: Mediated settlement agreement where Government or its, agency, etc., is a party - The Mediation Act 2023

49. Notwithstanding anything contained in this Act, no dispute including a commercial dispute, wherein the Central Government or State Government or any of its agencies, public bodies, corporations and local bodies including entities controlled or owned by them is a party, the settlement agreement arrived at shall be signed only after obtaining the prior written consent of the competent authority of such Government or any of its entity or agencies, public bodies, corporations and local bodies, as the case may be.