(1) Pursuant to mediation, if an agreement is reached between the parties with respect to all of the issues involved in the consumer dispute or with respect to only some of the issues, the terms of such agreement shall be reduced to writing accordingly, and signed by the parties to such dispute or their authorised representatives.
(2) The mediator shall prepare a settlement report of the settlement and forward the signed agreement along with such report to the concerned Commission.
(3) Where no agreement is reached between the parties within the specified time or the mediator is of the opinion that settlement is not possible, he shall prepare his report accordingly and submit the same to the concerned Commission.
Legal Commentary & Landmark Judgments: Section 80
Section 80 prescribes the statutory formalities for recording a mediated settlement, requiring a formal written agreement executed by the parties and transmittal of a settlement report to the referring Commission.
Draft the Section 80 settlement agreement with absolute precision: define specific payment timelines, modes of transaction (e.g. direct NEFT/RTGS), default interest clauses, and comprehensive waiver of all past, present, and future claims arising out of the subject transaction.