Section 32 of the Arbitration and Conciliation Act, 1996, outlines the specific circumstances under which arbitral proceedings are terminated. According to this section, proceedings can be terminated by:
The final arbitral award.
An order of the arbitral tribunal if the claimant withdraws the claim, the parties agree to terminate, or the tribunal finds the continuation of proceedings unnecessary or impossible.
This is distinct from Section 34, which deals with the separate process of applying to a court to set aside an arbitral award after the proceedings have terminated.