Explanation:

the Code of Discipline (1958) reiterated the faith of the parties to the voluntary arbitration and enjoined upon the employers and workers to resort to it on failure of negotiation/conciliation.

The Code of Discipline, 1958, therefore, reflected the faith of the employers and workmen in the system of Voluntary Arbitration and enjoined them to resort to it in case the collective bargaining and conciliation processes failed. The 1964 Amendment22 sought to place the arbitrator’s award at par with the award of an adjudicator and also the settlement arrived at in the course of conciliation proceedings.