Arbitration And Conciliation Act, 1996
Section - 32 - Termination of proceedings
Termination of proceedings.32. (1) The arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal under sub-section (2).(2) The arbitral tribunal shall issue an order for the termination of the arbitral proceedings where-
(3) Subject to section 33 and sub-section (4) of section 34, the mandate of the arbitral tribunal shall terminate with the termination of the arbitral proceedings.
| (a) | - | the claimant withdraws his claim, unless the respondent objects to the order and the arbitral tribunal recognises a legitimate interest on his part in obtaining a final settlement of the dispute, |
| (b) | - | the parties agree on the termination of the proceedings, or |
| (c) | - | the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible. |
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