- The arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal under sub-section (2).
- The arbitral tribunal shall issue an order for the termination of the arbitral proceedings where—
- 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;
- the parties agree on the termination of the proceedings; or
- the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
- 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.
Chapter IV — Part I — Making of Arbitral Award and Termination of Proceedings (Sections 28–33)
Section 32
Termination of proceedings
Printed from Law on Tips • Arbitration and Conciliation Act, 1996